Feeds

IBM holds its own in Q4

Solid showing

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Like Intel before it, IBM enjoyed a strong fourth quarter across most of its product lines, giving some indication that the big boys are back to a healthy level.

IBM posted revenue of $25.9 billion for the quarter, which is a 9 percent hike over the $23.7 billion reported in 2002. Income rose to $2.7 billion versus $1.9 billion last year and earnings per share jumped to $1.56 versus $1.11.

"We had more than $17 billion in services signings, and good growth in our industry- leading server and WebSphere businesses," said Sam Palmisano, IBM's Chairman and CEO. "Most encouraging is that our On Demand strategy is today a reality -- it has entered the mainstream, and it is increasingly driving our business results."

Whether or not On Demand is a reality is up for debate, but IBM did perform well across the board in services, software and hardware. Its result did not quite match that of fellow tech giant Intel, which posted a 22 percent year-on-year rise in revenue, but Big Blue did make a solid showing.

Revenue from Global Services grew 8 percent year-on-year to $11.4 billion. Hardware revenues also moved higher by 12 percent to $9.1 billion. Personal Systems surged 16 percent to $3.5 billion, and software revenue increased 12 percent to $4.3 billion.

IBM's Technology Group continued to struggle, posting $775 million in revenue - a decrease of 20 percent. IBM has been going through a lengthy reorganization in this business, which includes its microelectronics efforts.

For the full year, IBM saw revenue rise 10 percent to $89.1 billion. Income also grew from $5.3 billion last year to $7.6 billion. ®

Intelligent flash storage arrays

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.