Company has enjoyed major growth since going private, Dell CEO says
Dell has revealed that the company has enjoyed a major surge in growth since going private just over a year ago.
Speaking in his opening keynote at the company’s Dell World event in Austin, company CEO Michael Dell highlighted just how far the company had come since its privatisation in September 2013.
“We couldn’t be more pleased,” Dell said. “Being private means we focus on customers and partners – not worry about next quarter or shareholder activist.”
“Dell is the fastest growing large integrated IT company in the world.”
Taking care of business
Among the list of Dell’s accomplishments is becoming the largest storage supplier in the first half of 2014, as well as maintaining its spot as the second largest supplier in the global x86 server market.
The company also saw great success in its PC division, growing its shipments by nearly ten percent during the last quarter over the previous year. Overall, the division saw its seventh consecutive quarter of growth, outperforming many of its major rivals according to analyst figures.
“We have a great PC business…we’re growing, and we’re gaining share,” Dell told the audience, “We still believe that the PC is still how real business gets done.”
Dell is looking to continue this growth through its Dell Research department, which has invested in a variety of areas as the company looks to expand its reach across a number of industries. This includes its recently-announced High Velocity Cloud offering (HVC), which is able to greatly boost network optimisation using a fraction of the computing capacity previously needed.
According to Dell, the HVC can support all the mobile device traffic in a medium-size city, such as Austin, with only one quarter of a rack of Dell server and networking equipment.
The company is also continuing to invest in up and coming businesses through its Dell Ventures arm, which has invested in the likes of Invincea, Lastline, Formation Data Systems and Nexenta since the $300 million Strategic Innovation Venture Fund was launched last year.
“We have been making seed investments in a number of start-ups that are important to our future,” Dell said, highlighting the company’s past history in investing in companies such as VMware and RedHat. “It gives us a great window into new technologies.”
“Today, Dell is the world’s fastest growing integrated IT company in the world. Our strategy is resonating with customers worldwide as they look for a stable, reliable end-to-end solutions provider to meet their business and IT needs,” Dell added.
“From the endpoint to the data centre to the cloud, customers and partners value the certainty, ease and predictability of working with Dell.”
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