Like previous quarters, hardware remains a sore spot for IBM. However, the company delivered better than expected earnings and sales in the second quarter.
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IBM saw demand drop off at the end of the first quarter as revenue and earnings miss expectations. Other tech giants saw a similar tough finish to the quarter.
With earnings calls from IBM, Microsoft, Google, Apple, and Yahoo coming this week, what do stock market prices actually say about tech companies? Little of value.
Overall, IBM weathered sluggish IT spending well. Software revenue was up 3 percent; services sales fell 2 percent and systems and technology sales fell 1 percent.
Big Blue said that sales declined across its key units in third quarter, but maintains its 2012 earnings outlook.
A leading tech distributor said its earnings will fall well short of expectations. Server sales appear to be soft for the likes of IBM, HP, Oracle, Cisco and a bevy of other leading players.
IBM is looking to axe a number of staff in the U.K. and Ireland, according to a report, despite booming profits in the company's recent Q2 earnings call.
Good morning! Overnight we got the latest news on Windows 8, the on-going Apple vs. Samsung saga and IBM's results.
IBM is hitting earnings targets with solid expense management, but the currency fluctuations are hampering revenue growth.
IBM has presented a mixed bag of results for its first quarter of 2012, although it cited 10 quarters of consecutive growth in the UK
IBM services backlog was flat, hardware was pressured and emerging markets, analytics and cloud represented growth
Fourth-quarter revenue falls seven percent as HP takes a big hit from hard drives, struggles with a change in direction, and as competitors Dell and IBM manage to hold earnings relatively steady
Dell is sticking to the big bet it is making on developing its own software and storage technologies, despite a tough year for earnings in which the company showed flat growth
The company has reported solid fourth-quarter earnings, with chief executive Virginia Rometty insisting that IBM is on course to meet its targets for both 2012 and 2015
The company's third-quarter revenue was up eight percent year-on-year, with strong sales in Brazil, Russia, India and China
The company's earnings for the second quarter were up 12 percent on a year ago, as IBM predicted its cloud computing revenue will double in 2011
IBM handily topped expectations for the second quarter and upped its outlook for 2011.
The company has delivered strong growth for most of its businesses and product lines in the first quarter, prompting a raise in its outlook for 2011
IBM reported strong first quarter earnings as most of its businesses and product lines delivered solid growth. Big Blue also raised its outlook for 2011.
The company has reported a net income of $5.3bn for its fourth quarter earnings, which were led by software and hardware sales