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IBM Australia reports record sales for 2003IBM Australia reported its financial results for the first time ever, after recently restructuring to become more aligned with its global parent. Analysts say that IBM has grown faster than the industry average in all three of its operations: hardware, software, and services. |
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Article Industry: Aerospace and defence, Automotive, Banking, Chemicals and petroleum, Consumer products, Education, Electronics, Energy and utilities, Financial markets, Government, Healthcare, Insurance, Life sciences, Media and entertainment, Retail, Telecommunications, Travel and transportation, Wholesale distribution | Last updated: 19 May 2004 |
IBM Australia reported its financial results for the first time ever, after recently restructuring to become more aligned with its global parent. Analysts say that IBM has grown faster than the industry average in all three of its operations: hardware, software, and services. The local subsidiary's consolidated revenues for 2003 rose 11 percent to $3.6 billion (Australian), including IBM Australia, IBM Global Services, and IBM Business Consulting Services. Net profit for those businesses totaled $179.5 million for 2003, compared to just $70 million the year before. Copyright 2004 INFORMATION, INC. |
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