(Reuters) -Dell Technologies said on Thursday it expects compounded annual revenue growth of 3-4% over the long term.

The company also raised its share buyback plan by $5 billion, adding to its current $5 billion plan.

It plans to raise its quarterly dividend by 10% or more annually through fiscal 2028.

Shares of Dell were down nearly 3% in premarket trading.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Shounak Dasgupta and Anil D'Silva)