Menu
Better margins boost IBM NZ profit

Better margins boost IBM NZ profit

IBM New Zealand has posted an after-tax profit profit for the 2009 financial year of $20,152,000, compared with $14,271,000 the previous financial year.

The before-tax numbers were $28,096,000 ($19,644,000).

Operating revenue was down $17,944,000 at $373,496,000 but gross margins increased by 5%.

The company says in a statement that growth was primarily driven by software and systems. It was the fifth consecutive year of revenue growth for the IBM Software Group in New Zealand.

It says IBM has continued to hire in response to client requirements.


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 IBM

Featured

Slideshows

Reseller News launches alumnae breakfast for Women in ICT Awards

Reseller News launches alumnae breakfast for Women in ICT Awards

Reseller News hosted the first alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers.

Reseller News launches alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2018: meet the top performing partners

Reseller News Innovation Awards 2018: meet the top performing partners

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established partners, emerging players and innovative start-ups, in front of over 460 technology leaders in Auckland.

Reseller News Innovation Awards 2018: meet the top performing partners
Show Comments