It looks like IBM’s second quarter earnings were announced on July 18. If you missed them, you can read all the nitty-gritty details HERE.
That part that should be of interest to us Mainframe types are all those cool number relating to System z and Information Management software. The the stuff that keeps some of us in Lego’s. And this quarter again looked very good for IBM…..
I’m not a finance guy so I’m not even going to attempt analyze what it all means. What I do know is:
Gross profit margin is up
Software revenue is up 17%
Information Management (our little piece of the software pie) is up 18%
System z mainframe revenue is up 61%
MIPS are up 86%
Business analytics revenue is up 20%
To get the real scope of just how good this all is, you have to the quarterly earnings press release. Plus the press release has all the stuff about adjustments and currencies and such; all way beyond me.
I am simply going to enjoy seeing the word UP associated so many times with stuff that is important to my career.