IBM lands $100 million contract
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- December
- 23
IBM Corp. will provide information technology services to the Ministry of Finance of the Czech Republic under a $100 million contract.
The Armonk-based company said that the contract calls for it to implement an information system that allows for the Czech government to efficiently handle state budget resources and public finance. The system is already deployed by many European Union member countries.
The new contract with the Czech government is the latest example of how IBM has continued to land new businesses despite a softening economy.
During the third quarter, IBM earned $2.05 a share from continuing operations, an increase of 22 percent over the $1.68 a share reported for the third quarter of 2007.“We believe IBM is as strong as ever and is well-positioned to continue to deliver superior customer solutions through its globally integrated services, software, and hardware offerings,” Morningstar analyst Rick Hanna wrote in a research report.
During the third quarter, IBM was the leading vendor of servers costing more than $250,000 with 57.7 percent share of that market worldwide, according to Gartner. IBM gained 5.1 points of market share in this category.
This entry was posted
on Tuesday, December 23rd, 2008 at 6:24 pm by Jay Loomis.
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