"Re-energised" Dell talks up benefits of privatisation
Dell claims the decision to go private has paid off for customers, partners and its R&D efforts
Dell claims privatisation has helped it to focus on customers, get products to market faster and enabled growth.
"It's been a year since we completed our privatisation - actually the largest company ever to go private. We couldn't be more pleased with the positioning, the progress and the performance of our business," Michael Dell, CEO of Dell, said to kick-off the firm's annual technology conference in Austin, Texas.
"One of the advantages of being private it that we can direct 100 per cent of our energy towards the success of our customers and partners, and focus on a future that is well beyond the next quarter, the next year or the next shareholder activist."
Things are looking up for the the one-time largest PC maker. Despite declining to give a detailed breakdown of growth and revenue, Dell did reel off some impressive stats. The company has seen double digit revenue growth in its software business and Q3 PC shipments have risen by approximately 10 per cent year-on-year.
"We have a great PC business. We're growing and we're gaining shareWe still believe that the PC is how real business gets done," he continued.
Of course, the straight-talking CEO couldn't resist having a dig at arch-rival HP, which continues to struggle in turbulent market conditions.
"One has to ask the question, who is this [spinning off] for? Is this for customers, does it actually help customers by doing this? Does it help partners? Does it help in research and development [or] to create the next great new innovations?"
Sign up today and you will receive a free copy of our Future Focus 2025 report - the leading guidance on AI, cybersecurity and other IT challenges as per 700+ senior executives
The decision to spin-off will create "chaos" and "complications", according to Dell, and his firm will no doubt try and capitalise on this.
Customers see a difference in Dell
Earlier in the day, a customer panel helped to back up Dell's claims it has improved since going private.
"Dell used to have a very broad portfolio. The difference now is that they are more focused. Just in the last year we've noticed how quickly they have [developed products]. It feels like overnight," said Jason Cook, CTO of BT global services during a panel.
James Lowey, VP of technology at Translational Genomics Research Institute (TGen), also said he noticed Dell's increased focus on customers in the last 12 months, especially when it comes to providing engineering support.
"Dell has always been a customer-focused company...They can stand up and deliver quickly and don't just talk about [doing] something."
-
The business guide to Windows 11In-depth As Windows 10's mainstream support ends, it's time for businesses who have yet to upgrade to take a second look at Windows 11
-
Document management systems (DMS) in the AI era: How to choose the right solution to create a trusted foundation for your businessSupported In the AI era, documents are no longer just records — they’re strategic assets. A modern DMS provides the secure, intelligent foundation firms need to harness AI, ensure compliance, and build lasting digital confidence
-
Computacenter enters the fray against Broadcom in Tesco's VMware lawsuitNews The IT reseller has added its own claim against Broadcom in VMware case brought by Tesco
-
Who is John Roese?Dell's CTO and Chief AI Officer John Roese brings pragmatism to AI
-
Meta layoffs hit staff at WhatsApp, Instagram, and Reality Labs divisionsNews The 'year of efficiency' for Mark Zuckerberg continues as Meta layoffs affect staff in key business units
-
Business execs just said the quiet part out loud on RTO mandates — A quarter admit forcing staff back into the office was meant to make them quitNews Companies know staff don't want to go back to the office, and that may be part of their plan with RTO mandates
-
Amazon workers aren’t happy with the company’s controversial RTO scheme – and they’re making their voices heardNews An internal staff survey at Amazon shows many workers are unhappy about the prospect of a full return to the office
-
Predicts 2024: Sustainability reshapes IT sourcing and procurementwhitepaper Take the following actions to realize environmental sustainability
-
Advance sustainability and energy efficiency in the era of GenAIwhitepaper Take a future-ready approach with Dell Technologies and Intel
-
Tech execs pushed for a return to the office – now they’re backtracking amid a workforce revolt, with only 3% of firms asking staff to return full-timeNews Return to office mandates have failed miserably, and many businesses appear to be admitting defeat