IBM is reporting a 14 percent growth in year over year net income, posting a third-quarter profit of $3.2 billion, or $2.40 a share, on revenue of $23.6 billion. IBM has been shifting its focus towards software and services from hardware and it appears to be paying off. Chairman, president and CEO, Samuel Palmisano said in a statement that IBM's "strategic shift to higher-value businesses" contributed to the growth and the company saw "improved revenue trends in business and share gains in software and hardware.†IBM expects increased full-year 2009 earnings of at least $9.85 per share compared with its previous expectation of at least $9.70 per share. IBM CFO Mark Loughridge said in the earnings call that revenue was boosted by increased sales of software and services. He added that IBM gained share in software areas, specifically mentioning competitor Oracle. 
Custom HTML Code at Bottom [Sample No.3]CUSTOM HTML LINK - Yahoo
No comments:
Post a Comment