IBM: Fiscal 2Q13 Financial Results
Revenue of system storage decreased 7% Y/Y
This is a Press Release edited by StorageNewsletter.com on July 18, 2013 at 3:00 pmIBM Corp. reported financial results for its 2Q13 ended June 30, 2013.
As usual, Big Blue didn’t give a lot of information on its storage activity. Here they are.
Revenue from system storage decreased 7% Y/Y for the quarter. The total amount was not revealed but is less than $1 billion as the company said its was at $1.1 billion in 4Q12. That’s the seventh quarter IBM’s system storage’s sales declined.
IBM Sytem Storage Revenue
| Period |
Growth |
| 4Q11 | -1% |
| 1Q12 | -4% |
| 2Q12 |
-4% |
| 3Q12 | -10% |
| 4Q12 | -5% |
| 1Q13 | -11% |
| 2Q13 | -7% |
Double-digit growth in mid-range Storwize product was offset by declines in legacy OEM mid-range offerings and softness in the high-end. Products offerings contributed two points of Y/Y growth to total storage.
Storage hardware revenue was down 6% at constant currency, but flat including storage software, which is reported in Tivoli.
Tivoli software was up 14% at constant currency with growth in each of the three key business areas. Storage software delivered its 10th consecutive quarter of double-digit growth.
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