IBM: Fiscal 4Q12 Financial Results
Revenue from system storage decreasing 5% at $1.1 billion
By Jean Jacques Maleval | January 23, 2013 at 3:19 pmIBM announced the financial results for its fourth fiscal quarter ending December 31, 2012.
The company continues to lose market share in storage hardware but is more successful in storage software.
Revenue from system storage decreased 5% from 4Q11 to 4Q12, driven by tape, and disk being flat.
Since 4Q11, it was down for every quarter:
- 1% in 4Q11,
- 4% in 1Q12,
- 4% in 2Q12, and
- 10% in 3Q12.
No precise figures were revealed for storage hardware but IBM published a chart where you can see that storage sales represented 19% of its total Systems and Technology segment in 4Q12 – being $5.8 billion (down 1% Y/Y) – which means $1.1 billion for storage only. It was 20% and $1.16 in 4Q11.
Systems and Technology pretax income was $1.0 billion, an increase of 23%.
For FY12, revenues of this segment were $17.7 billion in FY12, or -7% from FY11.
Within its disk activity, Big Blue announced new high end DS8870 in October and said it was sold out in the most recent quarter and that "this will continue to ramp in the first quarter [1Q13]."
Sales of Tivoli software were up 4% Y/Y in 4Q12, led by storage, increasing 13% at constant currency, and security.
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