IBM boosts investments in emerging markets
IBM Corp. said today it plans to accelerate investments in the developing nations of China, Mexico and India by opening centers of excellence in each nation.
These emerging-market countries, so-called because of their high economic growth potential, represented 19 percent of IBM’s geographic revenue in the second quarter, and as a group grew 21 percent, IBM said.
â€œThese results demonstrate that IBM has the ability to thrive in emerging markets,â€ said Bruno Di Leo, IBM general manager of growth markets. â€œOur continued investment give IBM a competitive edge,â€ he said.
The centers of excellence include a banking operation in China, a retail innovation center in Guadalajara, Mexico, and a management center in India, IBM said.