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
-
Nitrux 6.0 Now Ready to Rock Your World
The latest iteration of the Debian-based distribution includes all kinds of newness.
-
Linux Foundation Reports that Open Source Delivers Better ROI
In a report that may surprise no one in the Linux community, the Linux Foundation found that businesses are finding a 5X return on investment with open source software.
-
Keep Android Open
Google has announced that, soon, anyone looking to develop Android apps will have to first register centrally with Google.
-
Kernel 7.0 Now in Testing
Linus Torvalds has announced the first Release Candidate (RC) for the 7.x kernel is available for those who want to test it.
-
Introducing matrixOS, an Immutable Gentoo-Based Linux Distro
It was only a matter of time before a developer decided one of the most challenging Linux distributions needed to be immutable.
-
Chaos Comes to KDE in KaOS
KaOS devs are making a major change to the distribution, and it all comes down to one system.
-
New Linux Botnet Discovered
The SSHStalker botnet uses IRC C2 to control systems via legacy Linux kernel exploits.
-
The Next Linux Kernel Turns 7.0
Linus Torvalds has announced that after Linux kernel 6.19, we'll finally reach the 7.0 iteration stage.
-
Linux From Scratch Drops SysVinit Support
LFS will no longer support SysVinit.
-
LibreOffice 26.2 Now Available
With new features, improvements, and bug fixes, LibreOffice 26.2 delivers a modern, polished office suite without compromise.