Feeds

IBM PC company in profit shocker

But services are the real earner

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

After what must seem like an eternity of heavy losses and layoffs, IBM's PC division turned a profit in the most recent quarter, showing an 11 per cent rise over the same quarter last year. "Personal systems" makes up just over a fifth of Big Blue's total revenue.

Total revenues for the company edged up $3bn on the corresponding quarter last year to $21bn, although profit was down to $5.4bn from $5.6bn.

CEO Gerstner said income was help back by being unable to supply components in sufficient quantities to meet demand, and by a slowdown in orders ahead of the revamped Freeway "System 390" mainframes. Although he probably meant to say "zSeries".

Services makes up IBM biggest business, with $13 bn worth of deals signed in the quarter, although $8bn made it onto the statement. Software declined 3 per cent to $2.9bn. Hardware gross margins were up from 25.5 per cent to 27 per cent over last year's quarter, but are down 4 per cent on the year to date.

Combat fraud and increase customer satisfaction

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.