page contents ​No large tax bill sees IBM Australia pocket AU$40m 2017 profit – The News Headline

​No large tax bill sees IBM Australia pocket AU$40m 2017 profit

IBM Australia has made its monetary effects for 2017 to be had, reporting to the Australian Securities and Investments Fee it raked in AU$40 million in after-tax benefit, greater than double its 2016 AU$16.eight million lull.

Earnings for the 12 months to December 2017 was once reported as AU$2.eight billion, a lower from 2016’s AU$three.2 billion. Receipts from shoppers totalled AU$2.6 billion, whilst AU$2.five billion was once paid out to providers and workers.

Right through the 12-month length, the native arm of IBM paid AU$eight.four million in tax, virtually part of the AU$13.nine paid a yr prior.

IBM considers its foremost proceeding actions in Australia to be the supply of complicated data products and services, merchandise, and applied sciences, together with the selling of imported and in the neighborhood produced data processing apparatus, instrument, and provides.

The corporate’s monetary file additionally describes the crowd’s number one products and services choices as IT, datacentre, and trade procedure transformation outsourcing; utility control products and services; generation infrastructure and machine repairs; internet web hosting; and the design and construction of “advanced IT methods”.

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Right through 2017, the gross sales of products — and instrument — totalled AU$634 million; products and services — reminiscent of consulting and outsourcing — AU$2.1 billion; and fiscal products and services AU$12 million.

In the meantime, instrument licence charges paid to without equal mum or dad entity in 2017 was once AU$315 million.

In Australia, Giant Blue’s subsidiaries contain IBM World Products and services Australia Restricted, Cerulean Answers Ltd, IBM Superlife Products and services Ply Restricted, IBM Australia Consumer Servloes Ply Restricted, Kenexa Ply Restricted, and JRA (Aust) Ply Restricted.

Earlier subsidiaries Netezza Pty Restricted, i2 Australia Pty Restricted, Curam Instrument Pty Restricted, Emptoris Australia Pty Restricted, and Algorithmics (Australia) Pty Restricted have been deregistered throughout 2017.

IBM Australia was once awarded a freelance with the Division of Human Products and services (DHS) in Might 2017. Valued at AU$96 million, the contract falls underneath the class of communications units and equipment, and is described by way of DHS as “mainframe rent and upkeep”.

The contract was once awarded following IBM’s hand within the 2016 Census debacle.

On August nine, 2016, the Australian Bureau of Statistics (ABS) skilled a chain of denial-of-service (DDoS) assaults, suffered a router failure, and baulked at a false certain file of information being exfiltrated, which resulted within the Census web site being close down and electorate not able to finish their on-line submissions.

The ABS referred to as out IBM for failiing to adequately deal with the danger posed to the Census methods it was once underneath contract to supply, and that IBM will have to were ready to take care of the DDoS assault.

Since then, IBM Australia has been awarded dozens of federal govt contracts throughout departments together with Division of Defence, the Australian Taxation Administrative center, the Division of Immigration and Border Coverage, and the Division of Trade, Science and Innovation.

IBM in October introduced the appointment of David L. a. Rose as the brand new managing director of IBM Australia and New Zealand, changing Kerry Purcell who joined the native arm of Giant Blue in 2015.

IBM Corp posted $79.1 billion in income for 2017.

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