Business in the Burbs

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.
You can follow any responses to this entry through the RSS 2.0 feed.
Print | Email

It is a condition of your use of the comment features associated with the blogs that you do not: Use the site to post or transmit any unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information of any kind, including without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any local, state, national or international law. You alone are responsible for the material you post or send. Refer to the Terms of Service.