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19 Jul 2011
IBM has posted a 12 per cent rise in quarterly revenue to $26.7bn, and an 11 per cent rise in net income, on the back of strong software and system sales.
Second-quarter evenues for IBM's software division climbed 17 per cent to $6.2bn, after strong performances by middleware platforms such as WebSphere, Tivoli and Lotus.
IBM's Systems branch also recorded strong figures. The recently expanded System z mainframe line saw revenues climb by 61 per cent, while the Power line saw a 12 per cent jump and the System Storage line 10 per cent.
The company reported revenues of $8.6bn in EMEA, up 16 per cent from last year. Revenue in North America rose 10 per cent to $11.2bn.
"In the second quarter our long-term strategic investments in the company's growth initiatives again helped drive strong revenue performance," said IBM chief executive and president Samuel Palmisano.
"Hardware, software and services revenue grew at double digits, and we achieved strong profit and free cash flow growth."
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