Software, Unix and Mainframe Servers Boost IBM’s Profits in Q3
October 23, 2006 Timothy Prickett Morgan
The effect of changes in its hardware, software, and services product lines in the past year and layoffs last summer helped IT juggernaut IBM post a 5 percent increase in sales in the third quarter, hitting $22.6 billion in sales, and pumping up profits by 46.5 percent to $2.2 billion. Sales of software across its brands, exploding growth in emerging markets, and a resurgent market for mainframes and Unix servers were the key drivers in the quarter. IBM’s chairman and chief executive officer, Sam Palmisano, last week gave the traditional statement in the traditional IBM press release accompanying the numbers. |