We Are In The Early Innings Of The Tech Drive: Amit Midha, Dell Technologies

The way people live and work is changing and in all these changes, technology has kept working. It has helped people keep performing and according to Amit Midha, the President for the Asia Pacific and Japan region for Global Digital Cities at Dell Technologies, this will continue. “This has given us a new way of doing things. Digitisation is happening across the board, creating a wide across the society and hence room for growth. In all, this is the decade of India.”

FY 22 was the best year in Dell’s history, where it had record revenue of $101.2 billion, record profitability in non-GAAP revenue and cash flow from ops too was at $7.1 billion, another all-time high. Reflecting on the numbers, Midha says, “We are very proud of these results, which was not possible without our customers, partners and team members. There is a big technology outcome that our customers and partners are seeing and investing in, and that is why our results are what they are.”

Midha informs that Dell’s APJ business made a very significant contribution to these numbers. “Global numbers suggest that our clients’ business grew 17 per cent. The APJ business grew faster than that, and the India business grew faster than APJ. We are very proud of that,” he says.

Several tech companies have seen their best numbers also due to the pandemic triggered digitisation but as normalcy comes in, and the low hanging fruits are consumed, can this rate of growth be maintained. For Midha, Dell is building a company for the “decades and centuries ahead”. He says, “Different cycles will happen. We need to make the company resilient. We need to be relevant and we need to innovate and train. We are doing all of this. However, we are in the early innings of the technology drive. Whether you think about 5G, Edge, autonomous cars or how we will interact with each other in the metaverse or web 3.0, the data-driven values are just getting started.” 

“We are in the golden age of technology-driven societal outcomes, which will be far superior and create great prosperity for nations who learn to harness this. India is continuing to attract venture capital and startups are becoming mature. As this happens, established companies are investing in technology to differentiate, a trend we are seeing across sectors. There is no alternative for larger and smaller companies – technology is the differentiator and the force multiplier,” explains Midha. 

He shares this and more in this conversation with BW Businessworld.