“If you look at inflation rates and the efforts by central banks across the globe - through interest rate rise - to press down and constrain growth and push down inflation, you couple that with supply chain challenges that continue particularly in the ISG space … it’s a dynamic environment,” he said.
So, taking advantage of the opportunities is critically important. “We actually had a really strong first half of the year of our fiscal year ’23, with revenue up 12%, operating income up 12% for the first half.”ĭespite some short-term navigation, Dell is properly positioned based on its solutions portfolio, according to Sweet. “It’s been really great performance through the pandemic,” he stated. And you put that together with the long-term trends around data creation and digital transformation.”ĭell was able to record significant performance during the pandemic, which was enhanced by its quest to outperform the market, according to Sweet. “And couple that with what we think the opportunity is in these adjacent markets, whether it’s telecom, the edge, what we’re thinking around data services, data management. “The opportunity to grow share, grow at a premium to the market, drive cash flow, drive share gain is clearly there,” he stated. In fact, Dell is extraordinarily well-positioned because it is the largest direct selling organization in the technology space. (* Disclosure below.) Assessing the long-term pictureĮven though the macro environment continues to be challenging, Dell has a long-term outlook of gaining a competitive advantage in adjacent markets, according to Sweet. They discussed Dell’s performance and its long-term outlook. Sweet spoke with theCUBE industry analyst Dave Vellante at the Dell Technologies Summit, during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. So, from that perspective we’re extraordinarily bullish on where are we in the journey as we continue to grow and expand.” “The total market, the core market that we think about is roughly $750 billion or so - if you think about our core IT services capability,” Sweet said. “If you couple that with some of the growth initiatives that we’re driving and the adjacent markets that that brings in, you’re roughly talking about a $1.4 to $1.5 trillion market opportunity total addressable market.
Federal Reserve System has resorted to interest rate hikes, which have triggered a bear market.īut these tightened macroeconomic factors have not deterred Dell Technologies Inc.’s long-term bullish outlook, as it seeks to weather the storm through total addressable market opportunities, according to Tom Sweet (pictured), executive vice president and chief financial officer of Dell, who said that IT spending is being necessitated by the urge for digital transformation.
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