(Reuters) - International Business Machines Corp. is banking on software, which accounts for 20 percent of revenue but generates 40 percent of pretax earnings, to lift overall profitability of a company that spans computer hardware, services and software.
Gross profit margins at the company's software unit, led by Steve Mills, are typically the highest of IBM's four main businesses and stood at 83.6 percent in the first quarter. The hardware unit's profit margin, by comparison, was 34.8 percent, and global technology services came in at 29.2 percent.
Read more at Reuters.com Business News
Gross profit margins at the company's software unit, led by Steve Mills, are typically the highest of IBM's four main businesses and stood at 83.6 percent in the first quarter. The hardware unit's profit margin, by comparison, was 34.8 percent, and global technology services came in at 29.2 percent.
Read more at Reuters.com Business News
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