<p>Addressing an analyst conference, Chairman and CEO Michael S Dell said, "USD 1 billion committed to organic growth and innovation.<br /><br />The company said it will focus on "mid-market opportunities," including small and medium businesses in the public sector, education and the healthcare industry as it looks to achieve long-term revenue growth in the range between 5 per cent and 7 per cent.<br /><br />Dell said it was increasing focus on the mid-market as it looks to offer services such as new cloud computing, security and data management services to customers.<br /><br />"Acquisitions will continue to be critical focus of strategic investment activities," Dell said, adding that the company will follow, a "strong cash flow generation model."<br /><br />Dell had about USD 15.2 billion in cash and investments at the end of the first quarter.<br />Mid-market companies -- enterprises with up to 5,000 employees -- are taking up a larger chunk of the global IT market, mainly in emerging markets.<br /><br />Dell, which has bought 11 companies in the last two years in order to address mid-market needs, is looking to further acquire firms to expand its product portfolio and intellectual property.<br /><br />Some of the main acquisitions were storage firm EqualLogic and Compellent, cloud company Boomi and security firm SecureWorks and services company Perot Systems.<br /><br />Meanwhile, the PC-maker said it has made significant progress toward improving and sustaining profitability.</p>.<p>In its storage division, the company expects revenues of USD 4 billion to USD 5 billion by fiscal 2015, with an annual growth rate of 15 per cent to 20 per cent.<br /><br />For services, revenues for fiscal 2015 are projected to be between USD 10 billion and USD 11 billion, with an annual growth rate of 7 per cent to 9 per cent.</p>
<p>Addressing an analyst conference, Chairman and CEO Michael S Dell said, "USD 1 billion committed to organic growth and innovation.<br /><br />The company said it will focus on "mid-market opportunities," including small and medium businesses in the public sector, education and the healthcare industry as it looks to achieve long-term revenue growth in the range between 5 per cent and 7 per cent.<br /><br />Dell said it was increasing focus on the mid-market as it looks to offer services such as new cloud computing, security and data management services to customers.<br /><br />"Acquisitions will continue to be critical focus of strategic investment activities," Dell said, adding that the company will follow, a "strong cash flow generation model."<br /><br />Dell had about USD 15.2 billion in cash and investments at the end of the first quarter.<br />Mid-market companies -- enterprises with up to 5,000 employees -- are taking up a larger chunk of the global IT market, mainly in emerging markets.<br /><br />Dell, which has bought 11 companies in the last two years in order to address mid-market needs, is looking to further acquire firms to expand its product portfolio and intellectual property.<br /><br />Some of the main acquisitions were storage firm EqualLogic and Compellent, cloud company Boomi and security firm SecureWorks and services company Perot Systems.<br /><br />Meanwhile, the PC-maker said it has made significant progress toward improving and sustaining profitability.</p>.<p>In its storage division, the company expects revenues of USD 4 billion to USD 5 billion by fiscal 2015, with an annual growth rate of 15 per cent to 20 per cent.<br /><br />For services, revenues for fiscal 2015 are projected to be between USD 10 billion and USD 11 billion, with an annual growth rate of 7 per cent to 9 per cent.</p>