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IBM: Fiscal 4Q09 Financial Results

Storage revenues grew only 1% year to year.

Here are few infomation that IBM Corp. gave on its storage activity for its fiscal three-month period ending in December 31, 2009.

In its Systems and Technology segment, storage represent 21% or about $1.1 billion in 4Q09.

Big Blue made also the following official comments: "Storage revenue grew 1% year to year, but was down 4% at constant currency. Disk grew 6% and gained share. Disk growth was driven by strong growth in midrange and XIV. In fact, we added more than 130 new customers to our XIV platform in the fourth quarter and 400 since the acquisition. Tape declined 10% but gained share again in fourth quarter. (…) Tivoli storage continued its robust growth as customers manage their rapidly growing storage data. Data Protection as well as Storage Management grew double-digits with broad-based geography and sector growth."

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