This excerpt taken from the IBM 8-K filed Jul 17, 2009.
Shifting Business Mix
The shift in our business mix is even more apparent on a profit basis. This chart lays out the sum of the segments, which of course is a little different than total IBM.
From 2000 to 2008, the profit from software and services combined almost doubled.
In 2009, were continuing to drive solid profit growth in software and services. In fact, we expect both software and services PTI to grow double-digits this year. As you can see, software grows from $2.8 billion in 2000 to about $8 billion this year and services from $4.5 billion to approximately $8 billion.
So again in 2009, we expect ongoing momentum in our software and services businesses.
Now, with that perspective, Ill start to get into the details of the quarter, starting with revenue.