Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 17 October 2007 12:42

IBM Services reports Q3 profit

Written by David Stellmack

Image

Beats analysts estimates


International Business Machines Inc.
has reported a third quarter 6 percent profit increase, with the profit coming from its services division that overcame a decline in IBM’s hardware business.

IBM’s CEO, Samuel J. Palmisano, issued a statement that the company was going through a hardware business “transition,” as prices of its huge business mainframe computers declined as much as 31 percent compared to the same time period last year.

IBM has improved its year to year profitability over the past 12 consecutive quarters.

IBM indicated that revenue growth was its highest since 2003 in the services sector.  Its Global Services Division rose 14 percent and Services contracts accounted for a Q3 total of $11.8 billion, a 12 percent increase over last year; the Systems and Technology group revenue for Q3 was $4.9 billion, a 10 percent decrease.  IBM’s software business reported a Q3 revenue increase of 7 percent to $4.7 billion, which was fueled by various company acquisitions totaling more than $5 billion as well as job cuts.

Last modified on Wednesday, 17 October 2007 14:10

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments