IBM New Zealand posts flat results

Managing director Jennifer Moxon says company has returned to growth

IBM New Zealand has posted flat results for its 2010 financial year.

Revenue was up marginally at $378.85 million, compared with $373.49 million in 2009.

After-tax profit was $20.21 million ($20.15 million).

The company reported increased operating revenue of $378.85 million, up $5.36 million.

Managing director Jennifer Moxon says the company has returned to growth after showing a decline in 2009.

Good gross profits results reflected good cost management, she says.

“We’re opening our new data centre next week. That investment is very important to our future growth and shows our confidence in the New Zealand market.”

She says two hot topics during the year were the cloud, where business is growing rapidly, and business analytics. “A lot of clients want greater access to understanding their data to reduce costs.”

IBM, she says, is competing aggressively across the market and is optimistic for the future.

Moxon wouldn’t disclose staff or full-time equivalent numbers.

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