Report: IBM Achieves Double-Digit Revenue Growth in Storage Software for Q1 2007
IBM (NYSE: IBM) today announced that based on a new IDC report (1), the company achieved double-digit year-over-year revenue growth in the storage software market in Q1 2007, growing faster than H-P or Symantec. This marks the ninth consecutive quarter that IBM Storage Software had above-average growth compared to the market.
In the Q1 2007 IDC Storage Software Tracker, IBM grew 11.5 percent year-over-year overall, capturing 12.3 percent of the total storage software market.
In that same report, IBM also posted year-over-year double-digit revenue growth in key storage software segments including Data Protection and Recovery (13 percent year-over-year); Storage Infrastructure (11.8 percent year-over-year), and in the International Segment (18 percent year-over-year) -- outgrowing H-P and Symantec in all of these areas.
“The IBM Storage portfolio is the most trusted storage portfolio in the world -- focusing on providing our clients leading disk, tape and storage software solutions,” said Andy Monshaw, General Manager, IBM System Storage. “Clients today -- from large corporations to small businesses -- are looking at their entire storage infrastructures to utilize, protect and archive data and have that data be a key in their full service management capabilities, and storage software is a large part of leveraging that information on demand.”
Storage Momentum for IBM
Last week, IBM announced that based on the Q1 2007 IDC worldwide disk storage tracker results for the top three vendors(2), IBM outgrew EMC and H-P in year-over-year quarterly revenue. The quarterly storage software news comes on the heels of IBM announcing that based on a May 2007 IDC report (3), IBM was the number one total storage hardware vendor -- for disk and tape combined for the year 2006 -- beating out all major vendors. Additionally, in March 2007, IBM announced it was the number one vendor for all tape storage solutions -- nearly four years running -- based on an IDC report (4).
For more information about IBM and IBM storage, visit http://www.ibm.com/storage
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