IBM (IBM) Makes Numbers
October 16, 2008 by Douglas A. McIntyre
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
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