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
Digital Autonomy
• How the Fediverse Found Parts for Its Platforms
• The Answer Was Already on the Shelf
• Changing the Chip Industry: How Public Investment Has Grown Open Silicon
• United Nations Open Source Portal Goes Live
• EU Open Source Strategy Plays Key Role in Tech Sovereignty Package
• France Says “Au Revoir” to Microsoft
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
-
openKylin 3.0 Released with Expanded AI Integration
The latest release features a pre-installed AI agent to help perform tasks.
-
DigitalOcean Ends Open Source Credits Program
In a change that has surprised many open source developers, DigitalOcean has decided to sunset its Open Source Credits Program.
-
Office 365 Available for Testing on Linux via Bottles
Linux users can now test the official Office 365, thanks to Mirko Brombin's work on Bottles.
-
Dutch Government Turns to Open Source for Digital Sovereignty
Following in the footsteps of other European countries, the Netherlands is looking to increase its sovereign digital infrastructure with open source software.
-
Linux May Soon Work on Snapdragon X2-Based PCs
If you're thinking about buying a Snapdragon X2-based desktop or laptop, Linux may soon be an option.
-
KDE for People Initiative Calls for AI Ban in Plasma
A new community of KDE wants the project to adopt a strict no-AI policy for KDE Plasma.
-
KDE Sets Ambitious Goals for 2026 and Beyond
KDE Connect reveals the goals for the Linux desktop darling, with one of those goals long overdue.
-
It’s Time to Test Fedora 45 Beta
Fedora 45 beta has been released with updated Gnome, KDE Plasma, and kernel.
-
Ubuntu Stonking Stingray Gets Even Rustier
Ubuntu 26.10 has completed its migration to the Rust-based coreutils.
-
AI Fixes Linux Bottlenecks Using “Hideous” Code
A Linux developer used AI to fix bottlenecks that caused problems when building the kernel. The resulting AI-generated code needed a lot of work.