Dell has plans to grow by acquire another company, a senior company said on Friday in a conference call with reporters, according to IDG News.

Michael [Dell] did talk about our desire to increase activity for inorganic growth. We have established a healthy cash position and strategically we will be looking for opportunities to do that, said Steve Felice, President of Small and Medium Business, for Dell.

Obviously we won't share those details, because we can't disclose what companies or when, but we are looking at opportunities to expand the business,” he said.

On Thursday, Dell reported that first quarter profit fell 63 percent to $290 million, compared with $784 million in the same quarter a year ago.

The computer maker’s revenue was down 23 percent to $12.3 billion.

Felice said Friday that the company aspires to be the top PC vendor in Asia within the next three years, noting that the firm would need help from a healthy economy to achieve that goal.