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IBM's 4Q2008 Earnings
IBM announced 4Q2008 earnings on January 20, 2009. Overall hardware revenues were down 20 percent in the quarter year to year (16 percent at constant currency). However, System z hardware revenues were down only 6 percent (1 percent at constant currency). That was good enough for System z to hold revenue marketshare steady in a tough macroeconomy. Together with high-end POWER6 systems, System z reflected the continuing drive toward the most highly virtualized server platforms.
System z revenues were particularly strong in the Americas and in the financial services and industrial sectors. That's quite interesting, because those are some of the worst-hit areas in the global economy.
System z MIPS shipments (the amount of hardware capacity shipped in the quarter) grew 12 percent year to year, with specialty engine MIPS growing 43 percent. Customers continue to grow their mainframe installations rapidly and to add new workloads, enjoying ever-lower costs.
IBM does not break out System z software or services revenue separately. However, the System z-heavy Information Management software brand was the strongest.
Thank you.
| by Timothy Sipples | January 20, 2009 Permalink |
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Comments
IBM earnings will remain good as long as they keep jacking up the prices for System Z when most people have little choice to go somewhere else.
Price increases on all system z software effective in April. Even when the rest of the economy/businesses are tanking.
Just does not seem right! Except for the CFO.
The problem is this kind of "Stick it to the Customers" attitude cost you business in the long run.
Posted by: April Price | Jan 21, 2009 4:46:33 PM
Let us remember that 4q-2007 was a down quarter, too. 2008 was the first year cycle of the z10. So it should be a concern that 4q is down compared to 3q.. and the statement ' year over year...' is more spin than optimism, even if alot of the impact is from the recession. Of course, relative to the other lines(X,I,P) z is in relatively good shape. With virtualization starting to take hold throughout the industry... system z is better positioned than most, since it has been operating as a virtualization platform for decades.
Posted by: agreed | Feb 8, 2009 2:41:52 PM
IBM announced Q4 2008 earnings. For the full 2008 fiscal year, they reported record revenues of $103.6 billion, record pre-tax profits of $16.7 billion and a record earnings per share of $8.93. For 2009, IBM expects to do even better, up 3% at least $9.20.
Posted by: 4gb sd card | Dec 18, 2009 7:00:59 AM
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