Storage Revenues Up 10% in 1Q08 for IBM

Below are some abstracts from a Form 8-K containing the prepared remarks for IBM’s CFO Mark Loughridge’s first quarter earnings presentation to securities analysts on April 16, 2008.

"In storage, with revenue up 10 percent year to year – we gained share. Total disk was up 6 percent. We had double-digit growth in enterprise disk on continued strength of the DS8000, which was up 17 percent, and this quarter, we started to integrate recently acquired XIV into our storage portfolio. We again had a strong performance in tape, which was up 18 percent. This reflects the value in total cost of ownership, power consumption, and data protection offered by IBM’s tape solutions."

"Retail Store Solutions revenue was down 3 percent year to year, though we had strong gross margin performance."

"Total Tivoli software grew 9 percent in the quarter and our Storage Management software has generated 14 straight quarters of double-digit growth."

To read the complete Form 8-K