IBM Reports First-Quarter Earnings

by Volker Weber

Revenues from the Software segment were $5.0 billion, an increase of 11 percent (5 percent, adjusting for currency) compared with the first quarter of 2009. Revenues from IBM’s key middleware products, which include WebSphere, Information Management, Tivoli, Lotus and Rational products, were $2.8 billion, an increase of 13 percent (8 percent, adjusting for currency) versus the first quarter of 2009. Operating systems revenues of $499 million increased 1 percent (down 3 percent, adjusting for currency) compared with the prior-year quarter.

Revenues from the WebSphere family of software products ... increased 13 percent year over year. Revenues from Information Management software ... increased 11 percent. Revenues from Tivoli software ... increased 23 percent, and revenues from Lotus software ... increased 1 percent. Revenues from Rational software ... increased 7 percent.

Numbers for the individual brands are not reported 'adjusting for currency'. Without that adjustment, things look better than last quarter, especially for Tivoli.

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