If Covid-19 has taught us anything, it is that the march of digital transformation in today’s economy is relentless. With insiders describing the pace of change as being “two years’ worth of digitalisation in two months”, the post-Covid-19 future will likely send the already rapid pace of digitalisation into overdrive. Technology stocks are, of course, booming. 

“2020 was a year of acceleration as we have seen,” says Amit Midha, president, Asia Pacific and Japan (APJ) and global digital cities, of Dell Technologies. “We had a front-row seat to the overnight digital transformation and drastic changes to how we work, learn and live. Today, despite us working from home, businesses have continued to run smoothly. That is the power of technology.” 

Dell has profited from stronger digitalisation. On Nov 24 last year, the company reported a net income of US$881 million ($1.17 billion) for the three months ended Oct 30, up 60% y-o-y, on the back of a 3% y-o-y growth in revenue to US$23.4 billion. The growth was largely driven by higher demand for home computing used for remote working and learning, amid the pandemic. 

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