IBM with Growth in Third Quarter 2007
IT giant IBM closed its third quarter 2007 September 30 with turnover up by seven percent compared to the same period last year. Income in the third quarter rose by six percent to around US$ 2.4 billion.
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.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you've found an article to be beneficial.
News
-
Rocky Linux 9.3 is Available for Download
The latest version of the RHEL alternative is now available and brings back cloud and container images for ppc64le along with plenty of new features and fixes.
-
Ubuntu Budgie Shifts How to Tackle Wayland
Ubuntu Budgie has yet to make the switch to Wayland but with a change in approaches, they're finally on track to making it happen.
-
TUXEDO's New Ultraportable Linux Workstation Released
The TUXEDO Pulse 14 blends portability with power, thanks to the AMD Ryzen 7 7840HS CPU.
-
AlmaLinux Will No Longer Be "Just Another RHEL Clone"
With the release of AlmaLinux 9.3, the distribution will be built entirely from upstream sources.
-
elementary OS 8 Has a Big Surprise in Store
When elementary OS 8 finally arrives, it will not only be based on Ubuntu 24.04 but it will also default to Wayland for better performance and security.
-
OpenELA Releases Enterprise Linux Source Code
With Red Hat restricting the source for RHEL, it was only a matter of time before those who depended on that source struck out on their own.
-
StripedFly Malware Hiding in Plain Sight as a Cryptocurrency Miner
A rather deceptive piece of malware has infected 1 million Windows and Linux hosts since 2017.
-
Experimental Wayland Support Planned for Linux Mint 21.3
As with most Linux distributions, the migration to Wayland is in full force. While some distributions have already made the move, Linux Mint has been a bit slower to do so.
-
Window Maker Live 0.96.0-0 Released
If you're a fan of the Window Maker window manager, there's a new official release of the Linux distribution that champions the old-school user interface.
-
KDE Plasma 6 Sets Release Date
If you've been anxiously awaiting the release of the next big KDE Plasma milestone, you can rest assured it's sooner than you think.