Also reporting is IBM Canada Ltd, which made a loss of $97.5m after restructuring charges of $262m. At the operating level, it made a profit of $110.2m, up from just $16.5m last time, on turnover that slipped 0.9% at $5,025m. The revenue figures contributions from majority-owned ExperComp Services Ltd, which sells Ambras; ISM Information Systems Management Corp; Nulogix Technical Services Inc, which repairs and refurbishes computer parts; PC ServicePartners Inc; and training company Polar Bear Software Corp. Exports fell 2.2% to $2,985m although IBM Canada said its manufacturing plants in Toronto and in Bromont, Quebec, both produced record volumes in 1993, Newsbytes notes. Canada is of course the country operation that has gone much further down the road of transforming itself into a software and services business than any other of the major national IBM companies.Together they accounted for about 58% of the company’s revenue in 1993, according to Mike Quinn, who now flacks for IBM in the frozen North, but will be remembered by those that knew IBM UK in the 1970s. That 58% compares with 52% of IBM’s business in 1992 and less than 40% four years ago. The Canadian workforce was cut by about 13.5% during the year, and now stands at 8,633.
