2013 Financial's results by segment: the real value of IBM.

Overall, 2013 was a flat year for IBM in terms of earnings, margins and cash revenues. Pending to see IBM achieves its expectations for 2014, Connectikpeople.co has captured for you the following results by segments, which include software, Services, Financing, Hardware, Geographic Regions, and Growth Markets.

Software
Revenues from the Software segment were $8.1 billion, an increase of 3 percent (up 4 percent, adjusting for currency) from the fourth quarter of 2012. Software pre-tax income of $4.2 billion increased 6 percent year over year.
Revenues from IBM’s key middleware products, ( WebSphere, Information Management, Tivoli, Social Workforce Solutions and Rational products), were $5.8 billion, an increase of 5 percent (up 6 percent, adjusting for currency) versus the fourth quarter of 2012. Operating systems revenues of $687 million were down 3 percent (down 2 percent, adjusting for currency) compared with the prior-year quarter.
Revenues from the WebSphere family of software products increased 14 percent year over year. Information Management software revenues increased 5 percent. Revenues from Tivoli software increased 1 percent. Revenues from Social Workforce Solutions increased 2 percent, and Rational software was flat.
Services
Global Technology Services segment revenues decreased 4 percent (down 1 percent adjusting for currency) to $9.9 billion, from the fourth quarter of 2012. Global Business Services segment revenues were up 1 percent (up 4 percent, adjusting for currency) to $4.7 billion.
Pre-tax income from Global Technology Services decreased 2 percent; pre-tax margin increased to 19.5 percent. Global Business Services pre-tax income increased 12 percent; pre-tax margin increased to 19.1 percent.
The estimated services backlog at December 31 was $143 billion, up 2 percent (up 5 percent, adjusting for currency).
Financing
Global Financing segment revenues were flat (up 3 percent, adjusting for currency) in the fourth quarter at $534 million. Pre-tax income for the segment increased 14 percent to $589 million.
Hardware
Revenues from the Systems and Technology segment totaled $4.3 billion for the quarter, down 26 percent from the fourth quarter of 2012. Systems and Technology pre-tax income was $0.2 billion, a decrease of $768 million.
Total systems revenues decreased 25 percent. Revenues from System z mainframe server products decreased 37 percent compared with the year-ago period. Total delivery of System z computing power, as measured in MIPS (millions of instructions per second), decreased 26 percent versus the prior year. Revenues from Power Systems decreased 31 percent compared with the 2012 period. Revenues from System x decreased 16 percent. Revenues from System Storage decreased 13 percent. Revenues from Microelectronics OEM decreased 33 percent.
Geographic Regions
The Americas’ fourth-quarter revenues were $12.2 billion, down 3 percent (down 2 percent, adjusting for currency) from the 2012 period. Revenues from Europe/Middle East/Africa were $9.2 billion, up 1 percent (down 2 percent, adjusting for currency). Asia-Pacific revenues decreased 16 percent (down 6 percent, adjusting for currency) to $5.9 billion. OEM revenues were $452 million, down 33 percent compared with the 2012 fourth quarter.
Growth Markets
Revenues from the company’s growth markets decreased 9 percent (down 6 percent, adjusting for currency). Revenues in the BRIC countries: Brazil, Russia, India and China, decreased 14 percent (down 11 percent, adjusting for currency).