IBM second-quarter 2013 revenues: take a look on Geographic Regions, Growth Markets and Services.
Overall, IBM has disappointed its investors. Regarding the situation into Geographic Regions, Growth Markets and services, Connectikpeople has observed stagnation, good expectations and
decreasing revenues.
Therefore, a look into Geographic Regions results shows that, the Americas’ second-quarter revenues were $10.7 billion, a decrease of 3 percent (down 3 percent, adjusting for currency) from the 2012 period. Revenues from Europe/Middle East/Africa were flat at $7.8 billion (down 1 percent adjusting for currency). Asia-Pacific revenues decreased 8 percent (flat, adjusting for currency) to $5.8 billion. OEM revenues were $538 million, up 5 percent (up 6 percent adjusting for currency) compared with the 2012 second quarter.
However, revenues from the company’s growth markets were flat (up 1 percent, adjusting for currency). Revenues in the BRIC countries: Brazil, Russia, India and China, were flat (up 1 percent, adjusting for currency).
Finally, Global Technology Services segment revenues decreased 5 percent (down 2 percent, adjusting for currency) to $9.5 billion. Global Business Services segment revenues were down 1 percent (up 2 percent, adjusting for currency) to $4.6 billion.
Pre-tax income from Global Technology Services decreased 14 percent and pre-tax margin decreased to 15.4 percent. Pre-tax income from Global Technology Services increased 3 percent and pre-tax margin increased to 19.0 percent, excluding the impact of workforce rebalancing. Global Business Services pre-tax income decreased 22 percent and pre-tax margin decreased to 13.0 percent. Global Business Services pre-tax income increased 2 percent and pre-tax margin increased to 17.9 percent, excluding the impact of workforce rebalancing.
The estimated services backlog at June 30 was $141 billion, up 3 percent year over year at actual rates (up 7 percent, adjusting for currency).