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 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.
