"Companies around the world are continuing to invest in the information technology segments we serve to boost their productivity.
In 2000 the company sold its commercial aerostructures business to the Carlyle Group in order to focus on its defense electronics and information-technology segments.
Lockheed Martin, the largest U.S. defense contractor, said quarterly earnings surged 56%, thanks to higher sales in its information technology and systems segments.
The largest segment, the information technology division, provides about two-thirds of Modis's revenues.
The Others segment includes information technology business and other services.
The Enterprise Business segment offers information technology solutions for manufacturing, retail, and services.
"The small-business segment is growing more quickly than any other segment of the information technology industry,' said Peter Rowley, general manager of Global Small Business at IBM in a statement.
The increasing importance of technology may pose a problem for the firm because as the consulting industry is further divided into segments, distinguishing information technology from management consulting, for example, McKinsey will be relegated to a smaller slice, Mr. Rodenhauser said.
IDC predicts that overall revenues in the biosciences segment of the information technology industry will grow 24percentt a year, reaching $37.6 billion in 2006.
The IT & Technology Services segment comprises of information technology and integrated engineering services.
The OptumInsight segment is health information, technology, services and consulting company providing software and information products, advisory consulting services, and business process outsourcing to participants in the health care industry.
