IBM's NZ revenue climbs in 2008
- 26 May, 2009 22:00
IBM New Zealand has posted increased revenue but a smaller profit for the year to December 31, 2008.
According to accounts lodged with the Companies Office, IBM's local revenue for 2008 was $391.4 million, up from $381.5 in 2007.
However, cost of sales also rose, from $309.4 million to $327 million.
Profit fell from $16.8 million to $13.7 million.