IBM segment info shows strong PS segment (top line)
INTERNATIONAL BUSINESS MACHINES CORPORATION
SEGMENT DATA
(Dollars in millions)
SECOND QUARTER 1999
--------------------------------------------
Pre-tax
-------- Revenue --------- Pre-tax Income
External Internal Total Income Margin
-------- -------- ------- ------- -------
SEGMENTS
Technology $3,062 $1,013 $4,075 $130 3.2%
% change 10.2% -8.0% 5.1% -53.7%
Personal Systems 3,873 7 3,880 (153) -3.9%
% change 50.2% 0.0% 50.1% 64.9%
Server 2,349 92 2,441 516 21.1%
% change 3.3% -6.1% 3.0% -6.4%
Global Services 7,988 628 8,616 1,137 13.2%
% change 14.6% -0.6% 13.4% 19.8%
Software 3,126 182 3,308 700 21.2%
% change 9.1% 4.0% 8.8% 11.8%
Global Financing 764 198 962 328 34.1%
% change 3.1% 19.3% 6.1% 13.5%
Enterprise Investments 661 3 664 (101) -15.2%
% change 16.8% -76.9% 14.7% 37.3%
TOTAL SEGMENTS 21,823 2,123 23,946 2,557 10.7%
% change 16.3% -3.1% 14.2% 21.8%
Eliminations / Other 82 (2,123) (2,041) 1,486 (a)
TOTAL IBM $21,905 $0 $21,905 $4,043 18.4%
% change 16.4% 16.4% 94.1%
SECOND QUARTER 1998
--------------------------------------------
(Dollars in millions) Pre-tax
-------- Revenue --------- Pre-tax Income
External Internal Total Income Margin
-------- -------- ------- ------- -------
SEGMENTS
Technology $2,778 $1,101 $3,879 $281 7.2%
Personal Systems 2,578 7 2,585 (436) -16.9%
Server 2,273 98 2,371 551 23.2%
Global Services 6,969 632 7,601 949 12.5%
Software 2,866 175 3,041 626 20.6%
Global Financing 741 166 907 289 31.9%
Enterprise Investments 566 13 579 (161) -27.8%
TOTAL SEGMENTS 18,771 2,192 20,963 2,099 10.0%
Eliminations / Other 52 (2,192) (2,140) (16)
TOTAL IBM $18,823 $0 $18,823 $2,083 11.1%
(a) Pre-tax income includes a benefit of $1.6 billion due to a
gain from the sale of the IBM Global Network, charges for actions
related to microelectronics and storage businesses, as well as an
accounting change in PC depreciable lives.
INTERNATIONAL BUSINESS MACHINES CORPORATION
SEGMENT DATA
(Dollars in millions)
SIX MONTHS 1999
--------------------------------------------
Pre-tax
-------- Revenue --------- Pre-tax Income
External Internal Total Income Margin
-------- -------- ------- ------- -------
SEGMENTS
Technology $5,932 $1,911 $7,843 $200 2.6%
% change 7.0% -9.3% 2.5% -61.5%
Personal Systems 7,462 14 7,476 (242) -3.2%
% change 49.5% 7.7% 49.4% 72.9%
Server 4,422 165 4,587 1,014 22.1%
% change 0.3% -7.3% 0.0% -4.2%
Global Services 15,538 1,297 16,835 2,110 12.5%
% change 16.7% 0.5% 15.3% 25.9%
Software 6,046 393 6,439 1,357 21.1%
% change 9.7% 8.9% 9.7% 11.1%
Global Financing 1,488 405 1,893 625 33.0%
% change 1.5% 23.9% 5.6% 10.0%
Enterprise Investments 1,210 14 1,224 (173) -14.1%
% change 14.4% -41.7% 13.1% 44.4%
TOTAL SEGMENTS 42,098 4,199 46,297 4,891 10.6%
% change 16.0% -2.3% 14.1% 27.4%
Eliminations / Other 124 (4,199) (4,075) 1,252 (a)
TOTAL IBM $42,222 $0 $42,222 $6,143 14.5%
% change 15.9% 15.9% 70.3%
SIX MONTHS 1998
--------------------------------------------
(Dollars in millions) Pre-tax
-------- Revenue --------- Pre-tax Income
External Internal Total Income Margin
-------- -------- ------- ------- -------
SEGMENTS
Technology $5,545 $2,106 $7,651 $519 6.8%
Personal Systems 4,992 13 5,005 (894) -17.9%
Server 4,408 178 4,586 1,059 23.1%
Global Services 13,310 1,291 14,601 1,676 11.5%
Software 5,510 361 5,871 1,221 20.8%
Global Financing 1,466 327 1,793 568 31.7%
Enterprise Investments 1,058 24 1,082 (311) -28.7%
TOTAL SEGMENTS 36,289 4,300 40,589 3,838 9.4%
Eliminations / Other 152 (4,300) (4,148) (232)
TOTAL IBM $36,441 $0 $36,441 $3,606 9.9%
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