infotechlead

IBM revenues dip 5% to $99.8 billion, profit declines 1%

IBM revenues dipped 5 percent to $99.8 billion in 2013 from $104.5 billion in 2012. Profit declined 1 percent to $16.5 billion compared with $16.6 billion in the prior year.

In the fourth quarter of 2013, IBM revenues decreased 5 percent to $27.7 billion. IBM Q4 profit increased 6 percent to $6.2 billion, which includes benefits from tax audit settlements.

IBM Q4

IBM Software

IBM software revenues in Q4 2013 rose 3 percent to $8.1 billion from the fourth quarter of 2012.

Revenues from IBM’s middleware products — WebSphere, Information Management, Tivoli, Social Workforce Solutions and Rational products – grew 5 percent to $5.8 billion.

IBM

IBM revenues from WebSphere software products increased 14 percent. Information Management software revenues increased 5 percent. Revenues from Tivoli software increased 1 percent. Revenues from Social Workforce Solutions increased 2 percent, and Rational software was flat.

IBM Services

IBM Global Technology Services segment revenues decreased 4 percent to $9.9 billion. Global Business Services segment revenues grew 1 percent to $4.7 billion.

Financing

Global Financing segment revenues were flat in the fourth quarter at $534 million.

IBM Hardware

Revenues from the Systems and Technology segment totaled $4.3 billion for the quarter, down 26 percent from the fourth quarter of 2012.

Total systems revenues decreased 25 percent. Revenues from System z mainframe server products decreased 37 percent. IBM revenues from System x decreased 16 percent. Revenues from System Storage decreased 13 percent. Revenues from Microelectronics OEM decreased 33 percent.

Geographic Regions

The Americas’ fourth-quarter revenues dipped 3 percent to $12.2 billion.

Revenues from Europe/Middle East/Africa rose 1 percent to $9.2 billion.

Asia-Pacific revenues decreased 16 percent to $5.9 billion.

OEM revenues were $452 million, down 33 percent compared with the 2012 fourth quarter.

Revenues from the company’s growth markets decreased 9 percent.

Revenues in the BRIC countries — Brazil, Russia, India and China — decreased 14 percent.

IBM in 2013

Geographic Regions

The Americas’ full-year revenues declined 3 percent to $43.2 billion.

Revenues from Europe/Middle East/Africa were flat at $31.6 billion.

Asia-Pacific revenues decreased 12 percent to $22.9 billion.

OEM revenues were $2.0 billion, down 13 percent compared with 2012.

Revenues from the company’s growth markets decreased 5 percent, and represents 23 percent of IBM’s total geographic revenue.

Revenues in the BRIC countries — Brazil, Russia, India and China — decreased 8 percent.

Segments

Software segment revenues in 2013 totaled $25.9 billion, an increase of 2.

Total Global Services revenues decreased 3 percent.

Revenues from the Global Technology Services segment totaled $38.6 billion, a decrease of 4 percent.

Revenues from the Global Business Services segment were $18.4 billion, down 1 percent.

Global Financing segment revenues totaled $2.0 billion, flat year to year.

Systems and Technology segment revenues were $14.4 billion, a decrease of 19 percent.

editor@infotechlead.com

Latest

More like this
Related

Infosys revenue up 4.2% to $19.277 bn in 2025-fiscal

IT service provider Infosys has reported FY25 revenues of...

Wipro closes FY25 with strong deal wins despite drop in annual revenue

Wipro has reported revenues of $2.634 billion for the...

US terminates technology services contracts totaling $5.1 bn

U.S. Defense Secretary Pete Hegseth has announced the termination...

TCS revenue up 3.8% to $30.2 bn in fiscal despite AI focus

TCS (Tata Consultancy Services) has achieved 3.8 percent increase...