IBM has overtaken Hewlett-Packard as leader in the global server market in the third quarter of 2011, Gartner reports.
According to a report released by the company, the worldwide server market increased by 5 percent to reach $12.3 billion, selling 2.2 million units in the third quarter.
IBM topped the market with a share of 30 percent while HP took second with a 29.3 percent share. However, both rivals generated revenues of $3.8 billion, but HP managed to sell more server units than IBM in the third quarter.
Oracle,meanwhile, failed to rise its server share from 4.7 percent and lost $25 million in revenue in the process, as reported by CRN.
"The third quarter of 2011 produced growth on a global level, but there was some significant variation in growth by region," explained Jeffrey Hewitt, a research vice president at Gartner, in a statement.
"All regions showed growth in both shipments and vendor revenue except for Western Europe which posted a 4.9 percent decline in revenue for the period. Asia/Pacific grew the most significantly in shipments with a 23.9 per cent increase. Eastern Europe posted the highest vendor revenue growth at 27.4 percent for the period," he added.