Currency fluctuations can be good for your business, ask IBM

Opinion

Currency fluctuations can be good for your business, ask IBM

Here's an interesting snippet of information: IBM's second quarter revenues were positively affected by currency fluctuations to the tune of 7% or around $1.6bn. In other words, without positive foreign exchange rates, IBM's revenues would have been just over $25bn rather than the $26.7bn Big Blue reported.

To put that in perspective, the $1.6bn from positive currency movements is equivalent to around 34% of hardware sales for the quarter, just over a quarter of software revenues or a tenth of services revenue. 

You wouldn't get that good a deal at the bureau de change at Heathrow Airport.

This was first published in July 2011

Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.