Dell reveals growth following privatization

Thursday, 12 Dec 2013 | 8:57 AM ET
Dell CEO: Strong growth sparked by going private
Thursday, 12 Dec 2013 | 8:04 AM ET
Dell Chairman & CEO Michael Dell says the company has been growing since it became a private company several months ago, with a lot of help from tablet sales.

Since Dell went private about a month and a half ago, the company has seen swift growth and a surge in tablet sales, according to Michael Dell, the company's founder, chairman and CEO.

"We're growing since the privatization. We've been growing at double-digit rates," Dell said. "We had fantastic demand in our consumer business. Black Friday sell-through week was up 30 percent year over year."

The company's investing with a long-term focus in areas where they see potential for growth, including emerging markets and its solutions and services capability, Dell told CNBC's "Squawk Box."

(Read more: Here come the tech IPOs)

Dell singled out tablets as one growth spot for the tech company.

Dell CEO: PCs are 'still very essential'
Michael Dell, Dell chairman & CEO, explains why he thinks the market for laptop and desktop computers remains strong. The demand for PCs is up double-digit, Dell says.

"Our tablet business doubled from the first quarter to the second, doubled again from the second to the third. This quarter, it appears to be tripling so we're just having enormous growth in tablets."

(Read more: Man named Sam Sung no longer works at Apple)

The company also announced a new $300 million venture fund that Dell said would accelerate invention outside of the company.

"We'll work with these companies to incubate them, give them resources and help them grow to be part of the ecosystem we're all apart of," he added.

—By CNBC's Katie Little. Follow me on Twitter @KatieLittle


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  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

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