IBM's Lotus Software revenue was up 12% year-on-year in Q3 2005, and that makes four consecutive quarters of growth for Lotus, going back to Q4 2004, and three quarters of double-digit growth. (Note: Jerry is reporting that it's just three quarters of double-digit growth, but I thought Q4 2004 was also double-digit. Perhaps what I'm remembering is a composite of Q4 '04 and Q1 '05 being double-digit. In any case, I'm sure Ed will clear it up soon enough.)
1. Ed Brill10/17/2005 09:46:34 PM
it's four quarters.
2. Richard Schwartz10/17/2005 10:08:42 PM
Thanks, Ed. Going for five!
And btw: extra points for anyone who identifies the source of the alliterative phrase above -- without googling it.
3. Jerry Glover10/17/2005 10:39:33 PM
Hey, I just blockquote from the Prepared Remarks PDF that Investor Relations publishes. Talk to them.
Btw, Spiro Agnew. Google ain't the only reference out there. http://en.wikipedia.org/wiki/Nattering_nabobs
4. Jerry Glover10/17/2005 10:43:51 PM
Plus I have references that say the 4Q04 Lotus revenue was only up 5%. Here: http://www.ibm.com/investor/4q04/presentation/4q04prepared.pdf
5. Ed Brill10/17/2005 10:54:21 PM
Notes/Domino revenue in Q4 2004 was up 9.5% (rounded up to 10%), even if overall brand revenue grew less sharply.
6. Richard Schwartz10/17/2005 11:47:26 PM
Ahhhh, Ed... so many statistics to choose from But that's the important one. Maybe not to the accountants, but certainly to me and a whole lot of my friends and customers. Not to mention to certain analysts.
@Jerry: good call, and nice reference. I had not idea that the phrase had such a distinguished history prior to the '60s. BTW... I guess the standard "without googling" tag is going to have to be replaced by "without googleing or wikipedia-ing"
7. Stan Rogers10/18/2005 01:04:41 AM
Is Spiro Agnew whose real name? -- Dick Martin