(By Anthony Miller – Tuesday, 21st April 2009 7:20am). Somewhat overshadowed by Oracle’s ‘industry defining moment’, IBM announced Q1 numbers yesterday, showing services revenues down but margins up. Global Technology Services revenues (infrastructure support et al) fell 1% in constant currency terms (ccy) to $8.8bn while Global Business Services revenues fell 4% ccy to $4.4bn. However, GTS pre-tax margins rose 230bps to 12.1% and GBS margins crept up 10bps to 11.3%. Long-term outsourcing signings (part of GTS) rose 22% ccy and application outsourcing (part of GBS) signings surged by nearly 50% ccy . making it absolutely clear yet again where the money is still being spent. Consulting & SI signings fell 4% ccy.
Tuesday, 21 April 2009
IBM outsourcing signings leap ahead
(By Anthony Miller – Tuesday, 21st April 2009 7:20am). Somewhat overshadowed by Oracle’s ‘industry defining moment’, IBM announced Q1 numbers yesterday, showing services revenues down but margins up. Global Technology Services revenues (infrastructure support et al) fell 1% in constant currency terms (ccy) to $8.8bn while Global Business Services revenues fell 4% ccy to $4.4bn. However, GTS pre-tax margins rose 230bps to 12.1% and GBS margins crept up 10bps to 11.3%. Long-term outsourcing signings (part of GTS) rose 22% ccy and application outsourcing (part of GBS) signings surged by nearly 50% ccy . making it absolutely clear yet again where the money is still being spent. Consulting & SI signings fell 4% ccy.
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