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IBM gets nod from ChevronTexaco

Continuing its momentum in the services arena, IBM on Thursday said ChevronTexaco has selected it as a preferred provider for a range of consulting services. Big Blue said its business consulting services division was chosen as one of two preferred providers by the energy company, which is looking to consolidate its spending on information technology, financial and management consulting services. Chevron and Texaco completed their merger in October 2001. Over the past year, IBM Business Consulting Services has helped the combined company move to a single financial system in the United States.

IBM strengthened its consulting abilities with the acquisition of PricewaterhouseCoopers' consulting arm last year. Big Blue's overall services unit booked $10.2 billion in revenue during the first quarter of 2003, up 24 percent, or 15 percent, over last year.