IBM Reports 2010 Third-Quarter Results
ARMONK, N.Y. – 18 Oct 2010:
- Diluted earnings per share of $2.82, up 18 percent;
- 31 consecutive quarters of EPS growth, 13 of last 15 at double digits;
- Full-year 2010 EPS expectations raised to at least $11.40;
- Net income of $3.6 billion, up 12 percent;
- Net margin of 14.8 percent, up 1.1 points;
- Revenue of $24.3 billion, up 3 percent as reported, 4 percent adjusting for currency;
- Growth markets revenue up 16 percent, 13 percent adjusting for currency;
- BRIC countries revenue up 29 percent, 26 percent adjusting for currency;
- Business analytics revenue up 14 percent;
- Systems and Technology revenue up 10 percent, 11 percent adjusting for currency;
- System z mainframe revenue up 15 percent; MIPS up 54 percent;
- Software revenue excluding divested PLM operations, up 4 percent, 6 percent adjusting for currency; up 1 percent including divested PLM operations;
- Services revenue up 2 percent, as reported and adjusting for currency;
- Services backlog of $134 billion, up $5 billion quarter to quarter, down $2 billion adjusting for currency, and flat year over year. (more…)