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IBM profits up on computer sales

IBM profits up on computer sales

International Business Machines (IBM) reported second quarter net income up 8% on the same quarter last year.

The rise was fuelled by strong growth in sales of both its computers and software.

IBM, the world’s biggest maker of mainframe computers, made $3.66bn (£2.27bn), compared with $3.39 billion a year earlier.

Dissertation Prospectus History IBM raised its prediction for full-year earnings for the second quarter running.

Revenue at the 100-year-old company was 12% higher at $26.7bn.

IBM said strong growth was coming from new signings for its services division, which were up by 16% in the quarter – a sign businesses are still spending on technology.

Mba Essay Review Service Read More/Source: BBC News

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