19 Quotes by Louis Gerstner

This was a solid quarter, with earnings per share up 20 percent and an acceleration of revenue growth relative to the first half of the year,

On a positive note, our services business continued to overtake the Y2K pause that pressured the first half of the year, ... Our PC business rebounded strongly, with particularly good demand for our server and ThinkPad products. In addition, our business in Asia continued to grow strongly.

On the positive side, our services revenue grew by nearly $1 billion and this business made a major contribution to the company's earnings. Our software revenues showed good growth and the software gross margin improved for the fifth consecutive quarter,

Business conditions remain difficult as we enter the new year, although we believe that our business will strengthen as we move through the year,

From my perspective, it's a little too early to predict that what we're seeing is in fact a slowdown in any (national) economy, ... Having said that, if in fact (an economic slowdown) does happen, I think what you'll see is a reallocation of technology spending dollars, not a diminution.

we are facing a number of significant short-term issues, including an uncertain global economic environment, ongoing weakness in some parts of Asia and Latin America, and continued price pressures in semi conductors.

I think the visit is very important...very important for China and very important for the United States,

Our second-quarter results are right in line with our expectations and with the view we've been expressing since last October, ... Essentially, we've had three quarters of slow revenue growth, driven by a combination of the Y2K slowdown and a series of actions we've taken to improve our business portfolio. During that time, however, we have been able to produce satisfactory earnings growth.

Results from these areas more than offset revenue declines in some other segments, most notably our consumer PC business