IBM net income jumps 9 percent
Posted by Mike on Wednesday, July 21, 2010
IBM’s second-quarter profits were up 9 percent from a year earlier, the company announced on Monday, with increased sales in the U.S. and Asia helping to offset weaker spending in Europe.
Net profit for the quarter ended June 30 was US$3.4 billion, or $2.61 per share, up from $3.1 billion, or $2.32 per share, in the same quarter last year, IBM said. Revenue was $23.7 billion, up 2 percent year over year.
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