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September 22, 2010

Dell CEO expects $60bn in revenue; shows off new 7-inch tablet

New Streak unveiled - but boss coy over details

By Steve Evans

Speaking today at Oracle’s OpenWorld event in San Francisco, Dell founder and CEO Michael Dell said the company is on course to surpass $60bn in revenue this year. He said the company had grown around 20% during the last two quarters and expects that growth rate to continue.

Dell’s most recent financial information, released in August this year, revealed a 22% rise in revenue to $15.53bn, with net income of $545m, an increase of 16% year over year.

During his early morning keynote speech Dell also showed off a new 7-inch tablet PC running the Android operating system – but would not reveal any further details. It is expected to be an updated version of the 5-inch Dell Streak, the company’s tablet PC/phone, which launched earlier this year.

Dell’s speech focused heavily on the data centre and what company’s can do to manage the huge quantity of data being created -he said that 35x more data will be created over the next 10 years. He also described virtualisation and scale out technology as the two most important data centre inventions of recent years.

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