Business Spending on IT Robust: Dell
Business spending on IT is "pretty robust" and solid across the board, as companies invest in infrastructure services to tap the wireless revolution, Dell
founder Michael Dell told CNBC Thursday.
Dell, in an interview with CNBC's Maria Bartiromo in Davos, Switzerland, said demand from users of smart phones and other wireless devices is driving corporate spending on infrastructure.
"Networking is fastest growing part of our business," said Dell, adding that full-year revenue would hit $60 billion in the most recent year, up from about $53 billion a year ago.
Dell, who returned to the CEO post a several years ago, said the company has been aggressive in making acquisitions in the services sector, spending $5 billion in the last year. Dell, like other computer makers, is seeing a seismic shift in how business and consumers use technology and adjusting its business model.
He added that public sector spending had slowed "a little bit" because of strapped budgets.