Dell looks to cut $2 billion in costs over three years

Dell Inc (DELL.O) plans to slash more than $2 billion in costs over the next three years, primarily from the supply chain and sales group, as it continues to shift its focus toward catering to the technology needs of corporations.

Shares in the No. 2 U.S. PC maker, which plans to pay its first dividend to shareholders this year, climbed more than 4 percent on Wednesday.

The company sees software and services as a key growth area, Dell executives told analysts at a conference in Austin, Texas. The corporate software and services business is on track for average annual growth of 10 percent until fiscal 2016, it said.

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- Posted: 2012-06-13 13:08:08

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