IBM (NYSE: IBM) saw its Americas revenues grow 9% year-over-year to US$10.3bn during the first quarter of 2011, according to financial results released by the company.
Without providing figures, IBM said it saw its growth market revenues increase 18% compared with the same period last year. These markets represented 21% of the company's total revenue for the quarter.
The BRIC countries - Brazil, Russia, India and China - grew 26% during Q1. According to IBM chairman, president and CEO Samuel Palmisano, the company saw double-digit growth in more than 40 countries.
IBM reported US$24.6bn in global revenue during Q1, growing 8% compared with the same period last year. Net profit for the company was up 10% to US$2.9bn, from US$2.6bn in 1Q10.
Palmisano said IBM saw revenue growth across hardware, software and services with momentum in growth initiatives such as smarter planet, cloud, business analytics and growth markets.
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