IBM: Fiscal 2Q09 Financial Results

For its 2Q09 ending on June 30, IBM didn’t reveal the exact amount of its storage activity. But, during the presentation of its financial results, the company says that storage systems represent 20% of the revenues of the Systems and Technology Segment totaling $3.9 billion, which means $780 million for the storage segment.

Here are some abstracts of IBM’s earnings call transcript for the quarter:

"Storage revenue declined 20% year to year, 15% at constant currency, and we expect to hold share despite double-digit declines in both disk and tape. Our storage acquisitions are ramping well. XIV added over 100 new storage customers in the second quarter. Since we purchased the company, we’ve added over 200 new customers who had not purchased IBM open storage in the last two years.

"Our storage products held share. We had over 65 high end tape
competitive displacements in the second quarter and strong performance
in our storage acquisitions XIV and Diligent – which also have
significant software content.

"We see this with our strong performance in XIV and Diligent key acquisitions that were part of our storage software growth, which is up 25%.

"The value in storage continues to shift to software and, as I
mentioned during our software discussion, we had very strong
performance in this space."