Summary Box: IBM’s earnings rise again in 2Q
Posted at: 07/18/2012 8:07 PM
STILL GROWING: IBM’s second-quarter earnings rose 6 percent from last year to $3.9 billion, or $3.34 per share. The results announced Wednesday marked the technology bellwether’s 38th consecutive quarter of earnings growth. THE WEAK LINK: Revenue dipped 3 percent during the April-to-June period to $25.8 billion, mostly because of the economic jitters in Europe. Sales in that region were sluggish, and the weakening currency on the continent translated into fewer U.S. dollars. THE KEY: IBM Corp. has been focusing on its software and services divisions, which are more profitable than selling the mainframe computers that made the 101-year-old company famous.
By The Associated Press
Have a story you want our news team to investigate? Call us at 585-232-1010, click here to send us an e-mail or leave us a Facebook post or tweet.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
|
|
 |
Print Story |