As EMC CEO Joe Tucci said earlier in the day, Joyce said there are solid signs of an IT spending increase. He said that was more evident in hardware and software sales rather than services.
In the fourth quarter last year, we said we started to see pickup in the IT environment. This quarter, we affirmed that, Joyce said in a conference call with analysts.
In general, IBM's figures place it in the middle of rivals in terms of growth. EMC Corp. (NYSE: EMC) quadrupled its income from a year ago to $140 million, while Sun Microsystems Inc. (Nasdaq: SUNW) plunged to a loss of $760 million (see EMC Earnings Up).
Dave Raffo, Senior Editor, Byte and Switch
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