IBM Global Financing has launched a new range of financing
offerings for customers worldwide, the captive has announced.
Beginning in October, credit-qualified customers and business
partners can take advantage of a ‘smart financing toolkit’ of
opportunities that include deferred payments, zero percent
financing and attractive prices on IBM-certified pre-owned
equipment, the lessor said.
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Additionally, IBM has announced a set of ‘cost buster’ offerings
designed for mid-market clients. The solutions incorporate all of
the financing promotions developed by IGF and can express the
financing in terms of a monthly price broken down to a per-user
basis on hardware and software.
Meanwhile, in its third quarter results, IBM GF reported
revenues of $0.5 billion (€0.3 billion), down by 7 percent
year-on-year, or 5 percent at constant currency levels.
The IT lessor’s gross profit margin was 44.4 percent, down by
4.7 percentage points year on year.
IBM GF’s net external receivables totalled $22.5 billion at the
end of the third quarter, down slightly on the previous quarter’s
$23 billion. Of the portfolio, 57 percent is investment grade; with
only 1.7 percent of identified loss rates.
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By GlobalDataJason T Hesse
