Jakarta - IBM posted the lowest quarter earnings during the last five years . The trigger was the drop in hardware sales and market upheaval in the country of China .
As quoted from Reuters ( 21/04/2014 ) , the tech giant posted only about USD 22.5 billion during the first quarter of 2014 , still below analysts' estimates predict turnover stood at 22.91 billion USD should be .Meanwhile, during the first quarter 2014 profit of $ 2.38 billion lower than the same period last year of $ 3.03 billion .
" IBM had eight consecutive times earnings continue to fall . IBM has often misses its target , it's hard to get back on track , " said Fred Hickey , editor of The High - Tech Strategist Newsletter.Revenues from IBM's hardware business , including servers and storage systems , fell 23 % to $ 2.4 billion . The trigger , the decline in sales in emerging markets such as Asia Pacific .
Only the software business that show growth in the first quarter of 2014 rose 1.6 % to $ 5.66 billion .Last month , Gartner positioned IBM in the third position for the player after losing to Oracle's software . Whereas last year , IBM was in the runner -up . While in the number one position at the moment is Microsoft .
This year IBM will invest approximately $ 1.2 billion to develop a web -based product or cloud computing . IBM's business in this segment grew 50 % to reach USD 2.3 billion .
According to Gartner , the cloud computing business last year globally reached $ 131 billion . While IBM Markets Intelligence estimated in 2020 to be U.S. $ 200 billion .
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