IBM Announces 3Q2008 Earnings Details
IBM CFO Mark Loughridge discussed the company's 3rd quarter earnings moments ago. In his prepared remarks, Loughridge noted that IBM System z hardware revenues increased an impressive 25 percent year to year, with double digit revenue growth in all geographies. MIPS (capacity shipped) grew by 49 percent. (You can do the math on what that means for price-performance.) Within that, the specialty MIPS segment grew a whopping 120 percent, driven by increasing Linux and Java use on the mainframe. Loughridge noted that these results likely mean that IBM once again gained server marketshare with System z. System z is one of IBM's fastest growing businesses.
Despite that result, IBM's total hardware revenues were down due especially to weakness in X86 servers. System x (IBM's total X86 server business) declined 18 percent, with blades down 8 percent. System p grew 7 percent.
Software revenues grew significantly, although IBM did not specifically break out System z-related software.
Thank you, IBM System z customers. We sincerely appreciate your continued patronage. Please keep letting IBM know how to do even better.
|by Timothy Sipples||October 16, 2008 in Economics |
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