IBM is set to lose two large datacentre customers when its Newtown centre closes soon.

Like its US parent, IBM New Zealand seems relatively unscathed by the recession - at least up until December 31. Its 2008 results, filed, today, show revenue rose 3% year-on-year to $391 million, but after tax profit fell 18% from the year-ago $16.8 million to $13.7 million.

The company says its revenue growth accelerated in the second half of the year, as companies turned to IBM’s outsourcing, consolidation and virtualisation products and services to help cut costs - mirroring trends the company has reported worldwide.