IBM’s consulting and outsourcing units report strong growth

by Editor 7/24/2008 3:17:00 PM
IBM’s main global services units – consulting and outsourcing – ones that bring in more than 50 percent of the company's revenue – have reported strong growth in the second quarter. Their sales numbers rose 16 percent, to $15.2 billion, writes Information Week.

The IBM Global Technology Services outsourcing unit posted 15 percent growth, with its sales leaping to $10.1 billion, while the Global Business Services consulting unit reported 18 percent growth, with sales totalling $5.1 billion.

The value of services contracts rose 12 percent, to 14.7 billion, in Q2 and IBM’s backlog of contracts is currently worth about $117 billion, which is a billion more than in the same period last year.

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