News

posted on 30 April 2008 11:08

In its Q1 fy08 results IBM reported a good quarter overall and a 10 percent rise in storage revenues.

In more detail revenues from IBM's  Systems and Technology segment totaled $4.2 billion for the quarter, down 7 percent (12 percent, adjusting for currency). Revenues decreased 2 percent excluding the year-to-year impact of the Printing System Division divestiture in June 2007.
- Systems and Technology revenues from System z server products increased 10 percent versus the year-ago period, which reflects the introduction of the new z10 enterprise class server.
- Revenues from the System p UNIX server products increased 2 percent compared with the 2007 period
- Revenues from the System x servers were flat year over year.
- Revenues from the System i servers decreased 21 percent. (The System i and System p servers are going to be combined.)
- Revenues from System Storage increased 10 percent and revenues from Technology decreased 20 percent.

In the software segment revenues from Tivoli software, which used to centrally manage networks including security and storage capability, increased 9 percent.

It's a solid performance and we might look for a boost to this in the future because of IBM's several recent storage acquisitions: Arsenal Digital, XIV, FilesX and Diligent for example.

^{[Paul Roberts, news editor.]}