Don't miss our upcoming Network Computing virtual event on Connectivity Solutions - Secure Your Complementary Seat Now!
3:38 PM -- IBM reported storage growth of 6 percent during its second-quarter earnings call last night, a welcome change from last quarter's 9 percent decline. (See IBM Storage Earnings Up.) And guess which segment of storage grew the most? Tape.
Big Blue's tape revenues grew 19 percent, compared with disk-related revenues, which stayed flat as a pancake. Well, that's not quite accurate: Revenues in disk were up 2 percent, but adjusted for currency, they stayed flat. (As a Canadian resident working for an international outfit, I can attest to the need to adjust for currency, especially on expense reports!)
In dollar amounts, IBM's Systems and Technology segment, which sells the company's tape storage gear, posted $5.1 billion in revenue overall, about 21 percent of IBM's $23.9 billion overall quarterly revenue.
I don't know about you, but to me that's big bucks, and big growth, for a segment with technology that's supposed to be in the tank. Is IBM's tape story unique?
Quantum posted $119 million in tape automation revenues for its quarter ended in March 2007, compared with $79 million in the previous year's quarter. In contrast, HP cited tape declines when on May 16 that company reported $44.6 billion quarterly revenue in enterprise storage and servers, an 8 percent year-on-year increase.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
