IBM released its 4Q and full year results for 2007. You can tune in for Mark Loughridge remarks, SVP and CFO, over at Investor Relations website. A podcast is also available (24MB, mp3 format). Analyzing the Software business, we can see an increase across the board: Lotus sales in 4Q were up 7% compared to 2006, whereas the entire Software revenues in that period were up 12%, to $6.3B. IBM revenue in 4Q was $28.9B, up 10% Y/Y.
“IBM had a terrific fourth quarter and full year with record revenue, profit and cash. The broad scope of our global business — led by strong operational performance in Asia, Europe and emerging countries — as well as continued growth in services and software drove these outstanding results. As we begin 2008, IBM is well-positioned as a result of our global business reach, solid recurring revenue and profit streams, and strong financial position. We are on track to achieve our long-term earnings-per-share roadmap objective in 2010.” Samual J. Palmisano, IBM Chairman, President and CEO.
Obviously I can’t comment on my own country or region performance, other than saying we had a good year, both at Lotus and Software, landed some new customers, upgraded others. Our larger geography, EMEA (Europe, Middle East and Africa) was accountable for $10.8B in 4Q (+16%), and was the 2nd largest contributer to IBM’s full year results, with $34.7B (+14%).
You can read the complete press release at the site.
The latest release has really improved the start-up times, and my ThinkPad X60 (Intel Core Duo, T2400 @ 1.83GHz with 2GB RAM) machine loaded Lotus Notes 8.0.2 in 20 seconds. The CPU consumption has also decreased dramatically, to around 200MB (see screenshot).
Client’s faster, improved performance – nothing more to add really… :-))