More like this

Business

Arrow

Financial News

IBM fires on some cylinders in Q1

Software and services good

IBM fired on some cylinders in Q1, growing revenues seven per cent to $22bn and net income eight per cent to $1.8bn.

A good performance in EMEA (Europe, Middle East and Africa) and a very good performance in Asia-Pac compensated for flat revenues in the Americas.

Services - outsourcing and the like - and software did well, while hardware sales were OK, climbing two per cent in the quarter, and OEM sales were bad, falling five per cent to $828m.

IBM's earnings statement is here. ®

Sponsored: Go beyond APM with real-time IT operations analytics