The IT industry is in a slump, but Dell Computer says it's still chugging ahead.

Jim Schneider, CFO for Dell, told analysts in New York on Thursday that the computer maker continues to gain market share. The company also said it was on target to reach its goal of $60 billion in annual revenue within several years.

In the last five years, Dell's share of the market has tripled from a little more than 5%, Schneider said. In a statement released earlier, president and chief operating officer Kevin Rollins said the company was seeing "double-digit year-over-year revenue growth in all regional markets and customer segments."

The company has reaffirmed its fiscal first-quarter target from February, projecting an 18% increase in sales to $9.5 billion, and earnings of 23 cents-35% higher than the previous year.