IBM Profits on Old Hardware, the Mainframe

Posted by Mike on Thursday, January 20, 2011 - 308 views

After Apple (AAPL) reported blockbuster earnings of 70.5 percent year-over-year revenue growth, anything in comparison seems lackluster. And yet, you can’t knock IBM’s (IBM) results, reported yesterday: Q4 revenue up 16 percent, year over year, to $29 billion and annual revenue up 4 percent to $99.9 billion. READ MORE

IBM net income jumps 9 percent

Posted by Mike on Wednesday, July 21, 2010 - 170 views

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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The mainframe makes a comeback

Posted by Mike on Wednesday, January 20, 2010 - 233 views

IBM is the only big company that still manufactures mainframes. Analysts estimate that around 40% of IBM’s profits are related to mainframes. …

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