IBM on Monday announced second-quarter earnings of US$23.7 billion and earnings of $2.61 per share, an increase of 2 percent and 13 percent respectively over the same period last year, while net income rose 9 percent to $3.4 billion.
IBM also raised its full-year earnings outlook to least $11.25 per share.
Big Blue expects to make that number through growth investments and the rollout of new System z and Power Systems hardware, among other factors, CEO Samuel Palmisano said in a statement.
(More to follow.)
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris’s e-mail address is Chris_Kanaracus@idg.com