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IBM: Fiscal 4Q10 Financial Results

Storage hardware grew 8% Y/Y.

Here are the few data that IBM Corp. revealed on its storage business for its 4Q10 ended December 31, 2010:

Storage hardware revenue grew 8% year-to-year or 10% at constant currency. Storage revenue grew 23% year-to-year at constant currency. This is the third consecutive quarter of growth above 20%.

This grew 11%, driven high-end storage, DS8000 and XIV. IBM added more than 200 new customers to XIV platform in the fourth quarter and over 975 since the acquisition, and had a successful launch of new Storwize V7000 mid-range product, which was sold out.

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