Dell Targeting $5 Billion in Software Sales, Swainson Says
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Dell Inc. is targeting annual software sales of $5 billion in the coming years, more than triple current levels, as it expands beyond computer hardware, said John Swainson, president of the software division.
Dell, the Round Rock, Texas-based computer maker, also will probably eschew large software-related acquisitions as it digests the pending purchase of Quest Software Inc., Swainson said during a roundtable discussion in San Francisco. In several years, he hopes software will contribute a quarter of Dell’s profits as the company transitions from selling personal computers to data-center equipment and software.