Why IBM's Hardware Business Is Flying High

eweek.com (Apr 25 2011) Cloud Computing

1. IBM’s Systems & Technology Group saw its best quarter in a decade based on hardware sales in the first quarter of 2011, and analysts say it is because IBM has the right mix at the right time. Rate This Article: Poor Best E-mail Print PDF Version IBM executives are making all the right moves when it comes to the company's hardware business. IBM’s STG (Systems & Technology Group) showed its best quarter in a decade when the systems giant announced its first-quarter 2011 earnings April 19. During a call with analysts announcing the first quarter earnings, Mark Loughridge, IBM’s chief financial officer, said IBM’s STG roared to its best first quarter in more than a decade—up $4 billion, or 19 percent year-to—year—with double-digit growth in all brands, including System z mainframe, Power, System x, storage and microelectronics. (Read Full Article)

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