Dell sees acquisitions as critical focus

Reuters News
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Posted: Jun 29, 2011 9:14 AM
Dell sees acquisitions as critical focus

AUSTIN, Texas (Reuters) - Dell Inc <DELL.O> expects acquisitions to continue to be a critical focus for the company, which is expanding into areas such as storage and services, according to its Chief Financial Officer.

Dell, which has been moving beyond its traditional desktop computer market, acquired 8 companies last year.

The company sees storage technology generating $4 billion to $5 billion in revenue by fiscal 2015, Dell CFO Brian Gladden also told attendees at the company's annual investor day.

He forecast that Dell's technology services business would generate $10 billion to $11 billion in revenue by fiscal 2015. The company, which has steadily conceded market share to HP and Acer Inc <2353.TW> in past years -- had showed good progress on advancing margins by moving into higher-margin enterprise solutions and services.

(Reporting by Poornima Gupta)