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IBM South Africa Group Ltd IBM markets and supports the full range of IBM and complementary products, hardware, software, telecommunications and networking products, midrange and personal computers and support services and products. In the light of IBM's global success over the year in review and local growth trends, IBM SA's results were extremely disappointing. |
Revenue increased by 4% to R1.9-billion, operating income declined by 32% and headline earnings per share decreased by 20% to 56cents.
This failure to achieve growth and earning's expectations is atributable to IBM SA's struggling to catch up with its global parent in the transformation of the company from one whose main expertise lay in selling and supportuing products to one which provides customer solutions and services. |
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Source: Annual Report, BFA-NET, Business Times, I-Net, JSE Handbook | |
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Rank Turnover Taxed Profit Total Assets |
61 R1.98-b 4.2% R585-m |
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