Wednesday, January 19, 2011

IBM Rises as Profit Tops Estimates on Mainframe, Software Sales - Businessweek

Apparently IBM’s mainframe monopoly is still healthy – or at least healthier than financial analysts expected.  On the software side, Lotus was down 3% relative to the year-ago quarter, according to this IBM page, while all of IBM’s other software groups showed gains. 

Additional details from the BW article:

Chief Executive Officer Sam Palmisano is investing in analytics software and cloud computing, which the company forecasts will become $16 billion and $3 billion businesses respectively by 2015. Smarter Planet, Palmisano’s initiative to digitally monitor anything from roads to hospitals to make them more efficient, should grow to a $10 billion business.

Palmisano also plans to spend about $20 billion on acquisitions through 2015. He announced 15 deals last year, including storage-computer maker Netezza Corp. for $1.7 billion.

IBM Rises as Profit Tops Estimates on Mainframe, Software Sales - Businessweek

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