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System z Revenues a Bright Spot in IBM’s Latest Tough Quarter


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System z revenues – which doubled in the first quarter of 2015 – proved to be one of the few positive line items in IBM’s latest spate of downward numbers. Revenues from System z mainframe server products increased 118% compared with the year-ago period. Total delivery of System z computing power, as measured in MIPS (millions of instructions per second), increased 95%.

At the same time, revenues from Power Systems were down 3% compared with the 2014 period. Revenues from System Storage decreased 8%.

Overall, IBM’s total revenues from continuing operations for the first quarter of 2015 were $19.6 billion, down 12% compared to the first quarter of 2014. Profits were $2.9 billion compared with $2.8 billion in the first quarter of 2014, an increase of 4%.

Revenues from software sales were down 8% to $5.2 billion, compared with the first quarter of 2014. Revenues from IBM’s key middleware products, which include WebSphere, Information Management, Tivoli, Workforce Solutions and Rational products, were $3.5 billion, down 5% versus the first quarter of 2014. Operating systems revenues of $400 million were down 15% compared with the prior-year quarter. Revenues from hardware sales totaled $1.7 billion for the quarter, down 23% from the first quarter of 2014.                                   

IBM Global Services revenues decreased 12% to $12.2 billion. Global Technology Services segment revenues were down 11% to $7.9 billion. Global Business Services segment revenues were down 13% to $4.3 billion.

For more details, visit the IBM website.


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