Dell CEO Sees Revenue Growth Picking Up

Duh.

Dell Inc., which last year disappointed investors with slower-than-forecast revenue growth, expects growth to pick up after the current quarter, Chief Executive Kevin Rollins said on Wednesday.
Dell, the world’s biggest personal computer maker, last month said it expected revenue in its fiscal first quarter to rise 6 percent to 9 percent from a year earlier, much less than the double-digit pace of prior periods.
“Our belief is that we would want to grow faster than that,” Rollins said at a Goldman Sachs technology investment conference in Phoenix, Arizona. “A six to 9 percent growth rate is not something we aspire to.”
Rollins said growth should increase as the company focuses on selling more-expensive products and services after it last year cut prices on entry-level consumer computers, causing it to twice miss analysts’ revenue estimates.

The stock is currently less than $1 above its 52-week low.

Posted by on March 1st, 2006 at 12:40 pm


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