IBM: Fiscal 1Q10 Financial Results

For three months ended March 31, 2010, IBM Corp.‘ storage revenue increases 11% year-over-year.

Disk grew 18% and gained share with double-digit growth in enterprise, mid-range and low-end products. In the high-end, growth was driven by XIV where the company added 75 new customers in the quarter. Tape declined 5% but Big Blue said that it again gained share.

"Our hardware storage results complement the strong performance in storage software, our storage hardware and software together grew 14%.", stated the company

Storage management software increased double digits. "We have had over 20 consecutive quarters of growth in Tivoli storage software," said IBM.