Dell found itself in second place in both categories. Lenovo, Huawei and Inspur rounded out the top five vendors by shipments.
By revenue, IBM surpassed Lenovo, which placed fourth and was followed by Cisco in fifth.
Geographically, Asia-Pacific posted the most vendor revenue growth at a rate of 25.4 percent annually as shipments increased by 23.8 percent.
Jeffrey Hewitt, research vice president at Gartner, acknowledged in the report that the global server market growth produced "mixed results by region."
"All regions showed growth in both shipments and vendor revenue, except for Eastern Europe, Japan and Latin America, which posted revenue declines of 5.8 percent, 11.7 percent and 24.2 percent, respectively, for the period," Hewitt explained.