Feeds

IBM evens the keel in Q2

No layoffs this time

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

IBM's workers may be safe for another 90 days after the company met its targets for its second quarter.

IBM's revenue for the period hit $22.3bn - a 4 per cent drop from the $23.1bn reported in the same quarter last year. IBM's net income proved more impressive, jumping to $1.82bn from $1.74bn in 2004. These income totals exclude a host of unusual charges, including a $1.1bn gain from IBM's sale of its PC business to Lenovo and a $775m settlement with Microsoft.

Stellar results? Hardly. They were, however, good enough to put some distance between Q2 and a lackluster Q1, which saw IBM fire thousands of workers.

"IBM returned to form in this quarter," said CEO Sam Palmisano. "This performance reinforces our confidence in our business model, and in our mission to apply unique, high-value skills and solutions to transform our clients' businesses."

Services helped drive IBM in the quarter, accounting for $12.0bn in revenue. That's a 6 per cent year-over-year rise. Hardware revenue, excluding PC sales, jumped 5 per cent to $5.0bn. IBM's lines of Unix and x86-based servers again performed well while mainframe sales fell 24 per cent.

Software sales increased 10 per cent to $3.8bn with DB2 and the WebSphere middleware doing most of the dirty work.

IBM's main rival HP is expected to steal the attention of investors and analysts tomorrow when it announces job cuts of its own. ®

Related stories

SCO moves to limit Smoking Gun Memo damage
Rambus reports record revenue
Apple profits, revenue up again
eBay runs on Sun's servers and IBM's URLs
Sun layoffs hit hundreds in US
IBM UK mainframe workers train their South African replacements

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.