IBM (IBM)

IBM Thursday reported third-quarter net income of $3.2 billion compared with $2.8 billion in the third quarter of 2008, an increase of 14 percent. Total revenues for the third quarter of 2009 of $23.6 billion increased 1 percent from the second quarter of 2009, and decreased 7 percent (5 percent, adjusting for currency) from the third quarter of 2008.
IBM's CEO Sam Palmisano said IBM's long-term strategic shift to higher-value businesses "again enabled us to deliver outstanding margin, earnings and cash flow growth in the third quarter.” He said IBM also saw improved revenue trends in our business and share gains in software and hardware.

Oct 15 · 4:21:00 PM · Source: MarketBeast
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by Larry Etter