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IBM Reports 2010 Second-Quarter Results

By Guest PostJuly 19, 2010Economy, Technology2010 earnings, africa, asia-pacific, chairman, Europe, gaap, generally accepted accounting principle, global services, gts, ibm, middle east, net income, revenues, samuel j. palmisano, second-quarter, total outsourcing services

ARMONK, N.Y. – 19 Jul 2010:

Diluted earnings per share of $2.61, up 13 percent;
30 consecutive quarters of EPS growth, 12 of last 14 at double digits;
Full-year 2010 EPS expectations raised to at least $11.25;
Net income of $3.4 billion, up 9 percent;
Pre-tax income of $4.6 billion, up 7 percent;
Pre-tax margin of 19.3 percent, up 1 point;
Revenue of $23.7 billion, up 2 percent, as reported and adjusting for currency;
Growth markets revenue up 14 percent; first-half revenue as large as total Euro zone revenue;
BRIC countries revenue up 22 percent;
Business Analytics revenue up 14 percent;
Software revenue up 2 percent, 6 percent excluding divested PLM operations;
Systems and Technology revenue up 3 percent;
Services revenue up 2 percent;
Services backlog of $129 billion, up $1 billion, adjusting for currency.

IBM (NYSE: IBM) today announced second-quarter 2010 diluted earnings of $2.61 per share compared with diluted earnings of $2.32 per share in the second quarter of 2009, an increase of 13 percent.

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‘Sea Levels Rising in Parts of Indian Ocean’

By Guest PostJuly 15, 20102 commentsEnvironmentafrica, Antarctica, arabian sea, atmospheric, balaji rajagopalan, Bangladesh, bay of bengal, global climate, greenhouse gases, India, indian ocean, indo-pacific, Java, mascarenhas archipelago, naval research laboratory in Mississippi, ncar, sea levels, seychelles Islands, sri lanka, sumatra, Tanzania, university of colorado at boulder, weiqing han, Zanzibar

*Greenhouse gases are playing a role in changes, say scientists*

Newly detected rising sea levels in parts of the Indian Ocean, including the coastlines of the Bay of Bengal, the Arabian Sea, Sri Lanka, Sumatra and Java, appear to be at least partly a result of human-induced increases of atmospheric greenhouse gases, says a study led by the University of Colorado at Boulder.

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UN Predicts Global Rise of Food Prices

By Guest PostJune 27, 20103 commentsEconomyafrica, agricultural products, agronews, asian farmers, biofuel, brazil, bric, canada, Chicago, China, coarse grains, dairy products, developing countries, eastern europe, fao, food and agriculture organization, food colonization, food consumption, grain traders, India, oecd, organization for economic cooperation and development, russia, the philippines, ukraine, un, united states, us midwest, vitally salnik, Wall Street Journal, western europe, wheat

In the next ten years, prices for agricultural products in the world will grow in real terms by 15-40%, say experts from the Organization for Economic Cooperation and Development and the Food and Agriculture Organization of the UN. The reason for it is the increasing demand for food in developing countries and production of biofuels.

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