Big Tech Firms' Sales Up 16% in Q4By Robert Hertzberg | Print
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IBM and Microsoft benefit from software sales, while acquisitions help EMC and Citrix. (Baselinemag.com)Most enterprise technology companies had strong growth in the fourth quarter, with IBM and Microsoft benefiting from strong sales of software, and EMC and Citrix from acquisitions.
The average sales growth among technology companies was 16 percent, according to an analysis by Baseline. The magazine looked at 17 companies with market capitalizations in excess of $1 billion. All have reported their earnings in the last two weeks (see tables below).
IBM was helped by a 22 percent jump in sales of WebSphere, a middleware product that makes companies' data accessible through browsers. At Microsoft, strong server and tools sales made up for a delay in versions of Windows Vista and Office 2007 intended for consumers.
Read the full story on Baselinemag.com: Big Tech Firms' Sales Up 16% in Fourth Quarter
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