Technology giant IBM’s hardware division, it appears, is back in business, with some help from India. The 2010 first quarter earnings reveal IBM’s hardware and software businesses are growing faster than its services business, which nevertheless remains its largest division, contributing 62.3% to the quarter’s revenue. However, year-on-year, technology services was up by 5.8%, while growth in business services declined.

IBM's systems and technology or STG business, on the other hand, was up nearly 5%, despite the fact that IT spending was down in 2009, while software grew by nearly 11%. Compare that to the trailing quarter, when software was up year-on-year by 2.4% and systems and technology fell 4.3%. IBM expects the growth rate of its STG division to accelerate through 2010, especially since the Brazil, Russia, India and China countries are building and integrating their public and private infrastructures, where IBM can be a technology partner.

Source: Business Standard

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