IBM to add jobs

IBM to add jobs

IBM plans to add 10,000 new jobs next year, according to CEO Sam Palmisano.

The new positions will be in key skill areas that include services, middleware technologies, Linux and open-standards-based hardware and software, Palmisano said.

Carried by growth in its software and global services businesses, IBM reported revenue for the third-quarter (ending September 30) of $US21.5 billion, 9 per cent higher than last year's $US19.8 billion third-quarter total.

"We are beginning to see signs that the economy has stabilided," Palmisano said.

While product demand wasn't yet up across the board, customers were expected to increase IT investments in 2004. "Although it is too early to say that a rebound is at hand, we are confident that we will benefit from both a pick-up in IT spending and an economic recovery," Palmisano said.

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