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IBM: Fiscal 1Q12 Financial Results

For storage, hardware down 4% and software up 18%

For its fiscal quarter ended March 31, 2012, IBM Corp. reveals few figures about its storage activity.

Revenues from system storage hardware, included in its Systems and Technology segment, decreased 4% from the same period one year ago.

The value continues to shift to storage software up 18%.

Tivoli software was up 5% and within Tivoli, storage portfolio was up double digits once again.

For FY ended in December 2011, IBM’s yearly sales were down 1% for storage hardware but up 5% for global storage activity, once more thanks to Tivoli and its storage software sales growing 30%.

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