IBM maintaining revenue pace in overseas regions

September

With the U.S. economy in a major slump, IBM Corp. of Armonk said today its revenue growth in Europe, the Middle East and Africa has not slowed from the first half of the year.

The computer services company said in a regulatory filing that Patricia Murphy, its vice president for investor relations, would tell European investors at a meeting that through the first two months of the third quarter revenue growth in Europe â€œwas consistent with what the company has seen during first half of this year.â€

IBM took in about $9.8 billion from the region during the second quarter. Thatâ€™s about 20 percent more than last year, according to previously-released financial information. Sales in the region were about 7 percent when the figures were adjusted for currency fluctuations.

This entry was posted on Monday, September 8th, 2008 at 11:57 am by Allan Drury.
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