Computer business IBM predicted its revenue from software would grow from 40 percent by 50 percent by 2010.  The computer business also stated that its revenue in new, emerging markets is going to double during the same time period, claiming it was in better shape in countries such as India, China, Brazil and Russia.

Last Thursday, representatives from computer business IBM stated they were expecting profit growth from software sales as a result of new technologies and opportunities.  The company has been able to focus on software development in large part because of its shift away from the PC business.  

Long Term IBM Plans

Computer business IBM’s comments about its future were made at a briefing for its investors in New York City.  This type of lengthy meeting about future financial results is unusual for any computer business and displays that the company is changing into one that is more interested in profit growth than pure revenue growth.  

Computer business IBM stated that profits could be higher because for the following reasons:  the move into more profitable business areas and away from low-end hardware and other low-margin areas; an on-going attempt to reduce outstanding stock shares through buyout.  The company was confident giving a long-term outlook because it helps it provide a map for the future that can help the computer business gain more confidence to move forward.  

Computer Business Optimism

The presentations by IBM made many investors optimistic about the future.  They are happy to hear the computer business talking about continuing efforts to cut costs and help make businesses more profitable.  While some worry about the abilities of the computer business to make such strong predictions in an uncertain market, many believe in the potential of the business to grow.  

For more information about this computer business story, visit the attached link.  

Added By:  Computer Consulting Kit