Dell to slash its costs by $2bn

City A.M. Reporter
DELL yesterday outlined plans to slash more than $2bn (£1.3bn) in costs over the next three years, primarily from the supply chain and sales group, as it sharpens its focus on the technology needs of corporations.

Software and services are a key growth area, Dell executives told analysts at a conference in Texas yesterday. The corporate software and services business is on track for average annual growth of 10 per cent until fiscal 2016, it said.

Dell’s shares have fallen 15 per cent in 2012, suppressed by disappointing quarterly earnings and fears that mobile devices are eroding PC spending.