Mergers and Acquistions News
Categories: IT Services & Consulting
April 21st 2009, 16:48PM
IBM has reported a four per cent increase in revenue across its growth markets.
Its software pre-tax margin was up 2.9 points, with income in this sector increasing by five per cent.
The First-Quarter Results 2009 from the computer services and technology company mean that it is "well positioned" to take advantages of future opportunities.
Samuel Palmisano, IBM chairman, president and chief executive officer said the good performance in a "very difficult economic environment" was due to the firm's "long-term strategic focus".
He said: "We are well positioned to continue to move aggressively and leverage our strong cash performance to make the most of the opportunities that arise."
The company completed a total of 16 services deals greater than $100 million (£68 million) in the first quarter.
IBM recorded pre-tax profits of $16.7 billion (£11.4 billion) in its full year financial results for 2008.
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