BAD HARDWARE WEEK

o Revenue: $24.9 billion, down 3 percent, down 1 percent adjusting for currency:

-  Software revenue up 4 percent, up 5 percent adjusting for currency;

-- Key branded middleware up 9 percent; up 10 percent adjusting for currency;

-  Services revenue down 4 percent, down 1 percent adjusting for currency;

-- Global Business Services revenue down 1 percent, up 2 percent adjusting for currency;

-  Services backlog of $141 billion, up 3 percent, up 7 percent adjusting for currency;

-  Systems and Technology revenue down 12 percent, down 11 percent adjusting for currency:

-- System z mainframe revenue up 10 percent; up 11 percent adjusting for currency;

-  Growth markets revenue flat, up 1 percent adjusting for currency;

-  Business analytics revenue up 11 percent;

-  Smarter Planet revenue up more than 25 percent in first half;

-  Cloud revenue up more than 70 percent in first half;
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99% BAD HARDWARE WEEK: Revenues from System z mainframe server products increased 10 percent compared with the year-ago period. Total delivery of System z computing power, as measured in MIPS (millions of instructions per second), increased 23 percent.
We have a new law: Total System revenue is half of computing power rise . :)