IBM has released it financial results for 2Q, that exceeded the analysts expectations.
Revenues in 2Q has increased 9% to a level of $23.8B, with gross profit of $2.26B – the 12th consecutive quarter of growth, and the best one since 2001.
NY Times are saying “Profit at IBM Rises 12% on Strength of Its Software”.
Software has a strong impact on the results, with growth in all 5 brands.
“For the WebSphere family of software products, which facilitate customers’ ability to manage a wide variety of business processes using open standards to interconnect applications, data and operating systems, revenues increased 28 percent. Revenues for Information Management software, which enables clients to leverage information on demand, increased 21 percent. Revenues from Tivoli software, infrastructure software that enables clients to centrally manage networks including security and storage capability, increased 33 percent, and revenues for Lotus software, which allows collaborating and messaging by clients in real-time communication and knowledge management, increased 12 percent year over year. Revenues from Rational software, integrated tools to improve the processes of software development, increased 11 percent compared with the year-ago quarter.”
It’s good to know that Lotus brand had, and still has, a strong contribution to the results. I hear customers asking me about the future of Lotus, and will it still be there in couple of years.
I think recent results speak for themselves.
The quarter in numbers: