IBM: Fiscal 4Q15 Financial Results
Drops never stop each quarter since four years in storage.
By Jean Jacques Maleval | January 21, 2016 at 3:10 pmIBM Corp. reported 2015 fourth-quarter and full-year results ended December 31, 2015.
The company continues to be the worst giant in storage with Y/Y revenue decreasing each quarter since fours years without interruption (see below).
For the most recent three-month period, revenues from system storage decreased 11% or 7% adjusting for currency.
This business represented 32% of total systems hardware or $768 million.
Martin Schroeter, IBM SVP and CFO, commented: “The growth in our servers was mitigated by a 7% decline in storage hardware, which continues to be impacted by weakness in traditional disk and tape. As we have said: value in the storage market continues to shift to software and offering requirements that are driving demand for flash and object-based storage. We are well-positioned in these new areas, with growth in flash, and our recent acquisition of Cleversafe.“
According to our addition of all quarters of 2015, annual revenue of system storage reach $2.4 billion for the year, down 10% from 2014. It was 12% from 2013 to 2014.
The WW market is decreasing but not at these high rates.
Revenue of IBM’s division Tivoli declined 1% Y/Y during the quarter.
Revenue Growth of IBM System Storage
Fiscal period |
Y/Y Growth |
4Q11 | -1% |
1Q12 | -4% |
2Q12 |
-4% |
3Q12 | -10% |
4Q12 | -5% |
1Q13 | -11% |
2Q13 | -7% |
3Q13 | -11% |
4Q13 | -13% |
1Q14 | -23% |
2Q14 | -12% |
3Q14 | -6% |
4Q14 | -8% |
1Q15 | -4% |
2Q15 | -10% |
3Q15 | -19% |
4Q15 | -11% |