October 28, 2006
IBM records inexplicable profit in the third quarter!
By Priya Venkatesh, Staff Writer
Have you heard of the third quarter results from IBM, the software giant? With the outsourcing boom on the move, IBM has reported a 4% increase in net earnings when compared to the previous year.
As per the reports from informationweek, the hottest global service Business of IBM that amounts to 50% of its total revenue has reported 3% increase in sales. As per the report from Information week, Net value of the innumerous deals with IBM has accounted to around $10.5 billion this year. IBM promulgates a 9% increase in hardware sales and another 9% in software sales.
Click here to know the details of the major outsourcing contract signed between Disney and IBM.
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