Tough Slogging In Q3 For IBM, Like Everyone Else
October 22, 2012 Timothy Prickett Morgan
|
IBM is always bragging about how good it is to have annuity-like businesses that pay out, month after month, and in discussing the company’s results for the third quarter last week, the company’s chief financial officer, Mark Loughridge, reminded everyone that more than half of IBM’s sales and about 60 percent of its profits come from these areas, which include mainframe software licenses and services contracts. That other half of the revenue stream can be tough, and that other 40 percent of the profits is not a given, as the financial results for the quarter in September showed. As happened |