Mainframes boost IBM revenues
April 20, 2011 (Information Age)
IBM's hardware division was its growth driver in the most recent financial quarter.
While overall sales grew 8% to $24.6 billion during the three months ending 31 March 2011, the Systems and Technology segment grew 19% to $4 billion. That was the division's best first quarter growth in a decade.
The division's growth was in turn spurred by increase mainframe revenues. IBM's System z line of mainframe hardware grew revenue 41% during the quarter.
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