By
Telecom Lead Team:
Technology major IBM has reported a 19 percent increase in revenue from BRIC
countries such as Brazil, Russia, India and China in 2011.
Revenues
from the company’s growth markets increased 16 percent, and represents 22
percent of IBM’s total geographic revenue.
Revenues for
2011 totaled $106.9 billion, an increase of 7 percent, compared with $99.9
billion in 2010.
Net income
for the year ended December 31, 2011 was $15.9 billion compared with $14.8
billion in the year-ago period, an increase of 7 percent.
Americas’
full-year revenues were $44.9 billion, an increase of 7 percent from the 2010
period. Revenues from Europe/Middle East/Africa were $34.0 billion, an increase
of 7 percent. Asia-Pacific revenues increased 9 percent to $25.3 billion. OEM
revenues were $2.7 billion, down 2 percent compared with 2010.
“We
delivered outstanding results in all four of our strategic initiatives for the
quarter and the year, as we continued to realize the benefit of our long-term
investments in growth markets, business analytics, Smarter Planet solutions and
cloud. We are well on track toward our long-term roadmap for operating earnings
per share of at least $20 in 2015,” said Ginni Rometty, IBM president and chief
executive officer of IBM.
Total Global
Services revenues increased 7 percent. Revenues from the Global Technology
Services segment totaled $40.9 billion, an increase of 7 percent compared with
2010. Revenues from the Global Business Services segment were $19.3 billion, up
6 percent. Software segment revenues in 2011 totaled $24.9 billion, an increase
of 11 percent. Systems and Technology segment revenues were $19.0 billion, an
increase of 6 percent. Global Financing segment revenues totaled $2.1 billion,
a decrease of 6 percent.
Total
revenues for the fourth quarter of 2011 of $29.5 billion increased 2 percent
from the fourth quarter of 2010. While currency provided a benefit to revenue
growth of approximately 25 basis points in the quarter, currency movements
since the company announced its third-quarter earnings in October impacted
fourth-quarter revenue by approximately one point of growth, or $300 million.
Fourth-quarter
net income was $5.5 billion compared with $5.3 billion in the fourth quarter of
2010, an increase of 4 percent.
