IBM keen on Rio Grande do Sul expansion

Wednesday, April 13, 2011

IBM (NYSE: IBM) expects to open a branch in Porto Alegre this month, and is evaluating similar measures in other cities in Brazil's Rio Grande do Sul state, online news source Baguete quoted IBM regional director, Frank Miller Koja, as saying.

IBM already has presence in the towns of Passo Fundo and Caxias do Sul. Plans to open in Pelotas are also in the cards.

The US giant is eyeing business opportunities in a variety of segments, including infrastructure, retail, finances, telecommunications, healthcare and education.

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Additional focus areas include establishing new business partnerships. IBM's expansion plans involve alliances with resellers, software developers and educational institutions, according to IBM Brazil's regional expansion lead, Carla Queiroz.

Globally, IBM saw revenues increase 4% last year, reaching US$99.9bn, while net profits rose 10% to US$14.8bn.