IBM #1 in Worldwide Branded Tape Revenue for Q1 2007

IBM #1 in Worldwide Branded Tape Revenue for Q1 2007

IDC, a leading IT market research and advisory firm, reported today that for Q1′07, IBM (NYSE: IBM) was once again the number one tape product vendor in the world, based on branded tape revenue (1).
This latest report from IDC marks the 13th consecutive quarter that IBM has held the number-one position in worldwide branded total tape revenue, and was particularly dominant in the tape automation and enterprise tape drive segments.

The report, “IDC Worldwide Branded Tape 1Q’07 Vendor Analysis,” indicated that for the first quarter of 2007, IBM grew total tape revenue worldwide 12 percent year to year, to gain five points of share compared to Q1′06, capturing 32 percent total revenue share.

“IBM is the only company in the world that has the legacy of innovation and leadership in tape storage, having created the technology and launched the market over 50 years ago,” said Cindy Grossman, Vice President, Tape Storage Solutions, IBM. “Thirteen consecutive quarters of leadership shows that there is strong demand for IBM’s industry leading tape storage innovations as a means for companies to manage their businesses, save energy and to address compliance requirements in the market today.”

Read the complete Press Release