IBM Reports 2010 Second-Quarter Results
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.