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Dell cautiously optimistic on Europe and Asia
Dell, the world's second-largest computer maker, is "cautiously optimistic that its strong performance in Europe and Asia will continue but remains concerned about U.S. government spending, an executive said.
Dell, had been predicting 5% to 9% revenue growth this year, cut its forecast to between 1% and 5% last month, despite sales in growth markets outside North America, Western Europe and Japan increasing revenues by 14%. Dell has been diversifying from hardware into higher-margin services, but at a slower pace than some rivals.
The company has made 10 acquisitions in the last 18 months to broaden its capabilities in areas such as storage, security and database management and has been keen to expand its services offering in Europe.
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