IBM announces net income rise

20 Jul, 2011




IBM announces net income rise

International Business Machines, known as IBM, has reported its net income for the second quarter of 2011 has risen by 8% in comparison to the same period last year - making USD 3.66 billion this quarter compared to USD 3.39 billion in the equivalent quarter in 2010.

IBM, the world's biggest manufacturer of mainframe computers, linked the rise to the strong recent growth in sales of both its computers and software, particularly in the business market.

Furthermore, the company reacted to the increase by also raising its prediction for full-year earnings for the second quarter running, with revenue 12% higher at USD 26.7 billion.

In the stock markets, although the company's quarterly figures were above expectations, IBM's shares initially dropped slightly after the announced figures before later rising by 2%.

This stock will skyrocket soon ! I´ll say min 50% within 1 month.

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