Menu
IBM reports solid quarter, raises full-year guidance

IBM reports solid quarter, raises full-year guidance

IBM on Tuesday reported quarterly sales growth across all its major divisions and raised its earnings outlook for the full year, the latest sign that business spending in the IT sector continues to recover.

IBM's total revenue for the quarter ended March 31 was $24.6 billion, up 8 percent from the same quarter last year, or up 5 percent on a constant currency basis. Net income after one-time charges climbed 10 percent to $2.9 billion, IBM said.

Revenue was up in all geographies, with sales growing 12 percent in the Asia Pacific and 9 percent in the Americas. The recovery in Europe continued to lag behind, with sales up 3 percent for the Europe, Middle East and Africa region.

"On the strength of this performance, we are raising our full-year 2011 operating earnings per share expectations to at least $13.15,” IBM Chairman, President and CEO Sam Palmisano said in a statement.

Revenue from IBM's global technology services increased 6 percent to $9.86 billion, with revenue from global business services up 7 percent to $4.7 billion.

Its hardware sales increased 19 percent to $4 billion. Within that division, IBM's mainframe business continued its recovery, with 41 percent sales growth from a year ago, and its Power systems also did well, with sales of those Unix products up 19 percent, IBM said.

Software revenue climbed 6 percent to $5.3 billion. Within that, sales of IBM's middleware, including its Websphere and Tivoli products, were up 16 percent to $3.3 billion. Revenue from Websphere alone jumped sharply at 51 percent, IBM said.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags international newsI

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the leading customer-centric Microsoft channel partners

Meet the leading customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the leading customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments