IBM: Fiscal 2Q18 Financial Results
Storage up only 2% Y/Y led by AFAs
This is a Press Release edited by StorageNewsletter.com on July 19, 2018 at 2:39 pmIBM Corp. reports second financial quarter results ended June 30, 2018.
As usual Big Blue revealed only one figure for its storage hardware business: up 2% Y/Y for the quarter.
For the former three-month period, it was down 15% Y/Y after 4 quarters of growth.
“”Storage hardware returned to growth this quarter, after facing some sales execution challenges in a competitive market last quarter. This growth was broad-based geographically and led by strong growth in all flash arrays. Flash grew double digits across the portfolio and took share,” commented the company.
We estimated IBM storage revenue at $592 million in 2Q17. So sales for the most recent quarter was around $604 million.
Transaction processing software was down 2%, driven by declines in storage software.
To read the earnings call transcript
Revenue Growth of IBM Storage Products
| 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% |
| 1Q16 | -6% |
| 2Q16 | -13% |
| 3Q16 | -9% |
| 4Q16 | -10% |
| 1Q17 | 7% |
| 2Q17 | 8% |
| 3Q17 | 4% |
| 4Q17 | 8% |
| 1Q18 | -15% |
| 2Q18 |
2% |
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