IBM Corp. (NYSE: IBM) execs pointed to storage as a driver of fourth-quarter growth during the company's earnings report today, though it's tough to determine how networked storage affected sales (see IBM Reports Earnings Rise).
IBM posted $26 billion in revenue for the quarter ended December 31, 2003, of which $9 billion, or 31 percent, came from hardware, including storage products.
"Revenue for total storage hardware grew 14 percent [sequentially], on strength in midrange disk and tape," IBM's CFO John Joyce said in a presentation to analysts today. Overall storage revenue was up 10 percent year over year.
Disk sales were up 9 percent year over year for the quarter and 10 percent for the full year, he said. But tape did well, too: "Our tape business also had strong growth, with 21 percent year-to-year growth in the fourth quarter, the second consecutive quarter of double-digit growth.
"We believe that, when the industry data becomes available, IBM storage will have gained more than a point of revenue share in disk and gained several points of share in tape."
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