Dell planning to slash more than $2 billion in costs

June 14th, 2012 - 6:34 pm ICT by Aishwarya Bhatt  

Texas, June 14 (THAINDIAN NEWS) The company Dell Inc has announced its plans to cut more than $2 billion costs over the next three years, mainly from the supply chain and sales group.

The move comes after an attempt to sharpen its focus on the technology needs of corporations.

Dell, second biggest computer maker in the US, plans to pay its first dividend to shareholders this year, increased approximately 4 per cent on Wednesday before giving up some of the gains.

They remain down 15 per cent in 2012, suppressed by disappointing quarterly earnings, as well as increased fear that the growth in sales of mobile devices is seriously eroding spending on PCs.

The company’s management team told analysts at a conference in Austin, Texas that two very significant aspects of the firm are is software and services business, which is on track for average annual growth of 10 % until the fiscal year 2016, according to the firm’s representatives.

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