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IBM results buoyed by software and growing markets

The company's third-quarter revenue was up eight percent year-on-year, with strong sales in Brazil, Russia, India and China

By Larry Dignan | October 18, 2011 -- 10:37 GMT (03:37 PDT) | Topic: Tech Industry

IBM delivered good third-quarter earnings on Monday and raised its outlook amid strong software growth.

The company reported third-quarter earnings of $3.8bn (£2.4bn), or $3.19 a share, on revenue of $26.2bn, up eight percent from a year ago. Non-GAAP earnings were $3.28 a share.

Software revenue in the third quarter was $5.8bn, up 13 percent from a year ago. Revenue from growth markets was up 19 percent and sales from Brazil, Russia, India and China jumped 17 percent.

For more on this ZDNet UK-selected story, see IBM's Q3 led by software, growth markets on ZDNet.com.

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