IBM first-quarter revenues in Asia Pacific increase 4% to $6.1 billion

Telecom Lead India: IBM said its Asia-Pacific revenues
increased 4 percent to $6.1 billion in first-quarter. Revenues in the BRIC
countries – Brazil, Russia, India and China – increased 10 percent.

First-quarter revenues in Americas were $10.5 billion, an
increase of 1 percent from the 2011 period. Revenues from Europe/Middle
East/Africa were $7.6 billion, down 2 percent. OEM revenues were $509 million,
down 17 percent compared with the 2011 first quarter.

Revenues from IBM’s growth markets increased 9 percent
and 40 countries had double digit revenue growth at constant currency.

IBM said global technology services segment revenues
increased 2 percent to $10 billion. Global business services segment revenues
were down 2 percent to $4.6 billion.

Revenues from software segment were $5.6 billion, an
increase of 5 percent compared with the first quarter of 2011. Software pre-tax
income increased 12 percent and pre-tax margin increased to 30.2 percent.

Revenues from systems and technology segment touched $3.7
billion for the quarter, down 7 percent from the first quarter of 2011. Systems
and Technology pre-tax income decreased $236 million.

IBM’s first-quarter net income was $3.1 billion compared
with $2.9 billion in the first quarter of 2011, an increase of 7 percent.

IBM has posted total revenues of $24.7 billion for the
first quarter of 2012 which was flat from the first quarter of 2011.

In the first quarter, we drove strong profit and
earnings per share growth. We delivered another excellent software performance,
expanded services margins, and continued the momentum in our growth
initiatives,” said Ginni Rometty, IBM president and chief executive officer.

Our investments in growth market countries continued to
generate strong revenue growth across software, hardware and services while
contributing to the company’s ongoing margin expansion,” Rometty added.

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