Mark Loughridge
Mark Loughridge
Mark Loughridgewas IBM's Senior Vice President and Chief Financial Officer, Finance and Enterprise Transformation. He stands as IBM's longest-tenured CFO after nearly 10 years in the role...
accelerate achieve expect growth revenue second services throughout
We expect services revenue growth to accelerate throughout 2006 to achieve mid-single digit revenue growth in the second half.
business continue good momentum second signings
We had really good momentum in short-term signings, and we think that will continue in the second quarter. Long-term signings as we exited 2005 were up 19 percent, and now long-term signings are up 20 percent. All of that bodes well for that business as we go forward.
believe both fourth full gained growth highly market mixed offset quarter remains results saw share software weaker
The software market remains highly competitive and our fourth quarter results were mixed by geography. We saw double-digit growth in the Americas, where we believe we gained market share in both the fourth quarter and full year. This was partially offset by weaker results in Europe.
continue shift
We'll continue to shift investments to these markets.
actions areas faster growing improve number resources taken
We have taken a number of very important actions to improve productivity and reallocate resources to the faster growing areas of the business.
business fell late quarter soft
Business fell off very late in the period. Overall, we could have done better this quarter but we had two soft weeks.
achievement encourage full roll third year
I would encourage you to roll through the over-achievement from the third (quarter) to your full year
hardware light quarter
This was a very light hardware quarter for us.
areas best capitalize opportunity shifting
We have been shifting our investments to capitalize on the areas where we see the best opportunity.
particular pipeline quarter strength
Our pipeline for the first quarter is up year-to-year, with particular strength in our long-term businesses.
breadth business model reflect rest track
reflect the breadth and flexibility of our business model and put us back on track for the rest of the year.