(IBM) International Business Machines Inks Deal in Latin Markets

December 9th, 2009

International Business Machines (IBM) announced a $200 million software agreement with Consist Software Solutions Inc., a leading provider of information technology applications to large and medium-sized companies throughout Latin America. The company chose IBM to help clients transform their businesses and reduce operational costs.

Consist Software Solutions have agreed to standardize all of its products to run on IBM technology Incorporatedluding its DB2 database and Websphere family of middleware products. Consist will provide its clients in the financial services, telecommunications, energy and utilities, government and healthcare industries with new software applications that embed IBM’s software portfolio to support new IT infrastructure projects.

This deal is one of the largest for IBM in emerging Latin American markets such as Brazil, and shows that emerging markets remain a notable bright spot for the technology industry.

IBM continues to expand its operations in emerging markets. With the strength of its global on-demand model (responding to customer demand with flexibility and speed) IBM is experiencing strong revenue growth in all geographies, with robust growth in emerging markets worldwide.

The emerging countries of Brazil, Russia, India and China (BRIC) together grew 18.0% (15.0% when adjusted for currency) in 2008. Revenue was also driven by double-digit growth in potential markets, such as India and China, which were up 10.0% in 2008. IBM expects these markets to drive revenue and increase growth beyond 2009.

We maintain our Neutral rating on IBM.

Zacks Investment Research

More on this topic (What's this?)
Stock Wars: IBM vs. Intel (Wall Street Daily, 11/22/11)
What’s in Store in 2012 for IBM, Microsoft and Oracle’s Stock (Investment Underground » Page n..., 1/10/12)
IBM Stock Analysis (The DIV-Net, 12/2/11)
Why Warren Buffett Is Buying – And You Should Be Too (Money Morning, 11/18/11)
Read more on International Business Machines, Computer Software at Wikinvest

Related Posts:

  1. (IBM) International Business Machines to Buy GuardiumAccording to an Israeli newspaper, International Business Machines (IBM) is planning to acquire Guardium, a...
  2. (IBM) International Business Machines – Strong Cash Position as Estimates Holding SteadyInternational Business Machines Corp. (IBM) just hit a new 52-week high and pays a respectable...
  3. (IBM) International Business Machines to Buy RedPill SolutionsInternational Business Machines (IBM) said this morning that it would buy a privately held Singapore-based...
  4. (IBM) International Business Machines Keeps 2009 GuidanceIn a filing with the Securities and Exchange Commission yesterday, International Business Machines (IBM) reiterated...
  5. ($IBM) International Business Machines – raised its full-year guidance 50 cents to $9.70 per shareInternational Business Machines (IBM) just reported another strong quarter, sending the company’s share price to...
  6. (VIV) Latin American Markets – Industry OutlookWe have been saying since the end of 2008 that emerging markets in general —...


Search Posts by Tag: | | Diversified Computer Systems | Technology

RSS Feeds by Tag: IBM | International Business Machines | Diversified Computer Systems | Technology |

Other Posts by: | RSS Feed for this author