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Michael Dell On Dell Going Public And Its 'Best Year Ever'

‘We think the demand is going to continue to be very strong in 2019. The momentum we have in the channel is quite strong. It's a very different company than it was five or 10 years ago,’ Dell founder and CEO Michael Dell tells CRN in an exclusive interview.

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'Best Year Ever'

With its servers and networking business growing this year at 35 percent, storage at 10 percent and PCs at 12 percent, Dell Technologies founder and CEO Michael Dell is extremely bullish about his company's return to its former status as a publicly held company on Dec. 28.

"If you look at our data center business, we are the largest and we're bigger than Cisco, bigger than IBM, bigger than [Hewlett Packard Enterprise]," said Dell in an exclusive interview Thursday with CRN. "If you look at the growth in the first nine months through the end of October, our data center business grew plus- 22 percent. So we’re the biggest and growing at 22 percent. … So now you've got the essential infrastructure company. It all looks like a beautiful picture."

Dell's data center business, or the Infrastructure Solutions Group—which combines servers and networking, storage and the hot-selling VxRail hyper-converged system—brought in sales of $26.83 billion for the nine months ended Nov. 1, 2018, compared with $21.96 billion in the year-ago period.

After nearly a year of planning for a return to the public market, including a battle with activist investor Carl Icahn, Round Rock, Texas-based Dell Technologies is set to officially start trading on the New York Stock Exchange on Dec. 28, 2018, under the symbol DELL. Michael Dell spoke with CRN about the return to the public market, his 2019 outlook, Amazon Web Services' entry into the on-premises infrastructure market with Dell Technologies company VMware, and the rapidly changing technology landscape—including the impact of 5G networks on businesses of all sizes.

 
 
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