Business conditions remain difficult as we enter the new year, although we believe that our business will strengthen as we move through the year,
More Quotes from Louis Gerstner:
The next thing is: we can make IBM even better. We brought IBM back but we're gunning for leadership.Louis Gerstner
On a positive note, our services business continued to overtake the Y2K pause that pressured the first half of the year, ... Our PC business rebounded strongly, with particularly good demand for our server and ThinkPad products. In addition, our business in Asia continued to grow strongly.
Louis Gerstner
IBM itself is very positive about the recent quarter. We achieved good earnings results despite a number of challenges, ... We have been able to deliver consistent financial results because of the breadth and diversity of our overall business portfolio, which is unmatched in our industry.
Louis Gerstner
On the positive side, our services revenue grew by nearly 1 billion and this business made a major contribution to the company's earnings. Our software revenues showed good growth and the software gross margin improved for the fifth consecutive quarter,
Louis Gerstner
These results show the ongoing strength of our broad business portfolio, ... We saw very good customer response to our new System390 servers and continuing strength in services and hard disk drives.
Louis Gerstner
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