IBM (IBM) had already told the market that it had done remarkably well in Q3. The company confirmed that today.
IBM announced third-quarter 2008 earnings of $2.05 per share from continuing operations compared with diluted earnings of $1.68 per share in the third quarter of 2007, an increase of 22 percent. Third-quarter income from continuing operations was $2.8 billion compared with $2.4 billion in the third quarter of 2007, an increase of 20 percent. Revenue rose 5 percent to $25.3 billion.
The company’s software unit was out in front with revenue up 11.8% to more than $5.2 billion.
Douglas A. McIntyre