IBM with Growth in Third Quarter 2007

IBMs third quarter revenues totalled US$ 24.1 billion, or US$ 1.68 per share. Services were the major growth areas: total global services rose by 14 percent, the biggest increase for four years. Global business services rose by 16 percent to US$ 4.6 billion, with double figure growth in global technology services by 13 percent to US$ 9.1 billion as IBM sold more products than previously to existing customers.

From a geographic point of view, turnover in the America’s region accounted for US$ 10.2 billion - an increase of 4 percent, followed by the EMEA region (Europe, Middle East, and Africa) up 11 percent to US$ 8.1 billion, and Asia-Pacific revenues which increased by 9 percent to US$ 4.9 billion.

In contrast to this, turnover was down by approximately 10 percent to US$ 4.9 billion in IBM’s Systems and Technology segment with System p UNIX servers System x servers selling strongly and up by six percent. Z systems and i systems, where turnover dropped by 31 and 21 percent respectively, were the biggest losers. IBM’s quarterly earnings report has more details.