Feeds

IBM piles up earnings in Q3

So glad to dump the PC business

Next gen security for virtualised datacentres

IBM slipped past expectations in its third quarter results published yesterday with the offloading of its PC business to Lenovo this year still putting a shine on its numbers.

The company turned in revenues of $21.5bn for the quarter ending September 30. This was down eight per cent on the previous year. However, once the last year‘s contribution from its former PC business was stripped out, sales were up four per cent.

Operating profits from continuing operations were $2.9bn before income tax, up 33.4 per cent, while net profits were $1.5bn down 2.5 per cent. This delivered earnings per share of $0.95, after $0.32 of Homeland repatriation tax charge. Wall Street had been expecting $1.13 per share on revenues of $21.7bn.

The offloading of the PC business certainly helped spruce up the vendor’s hardware numbers. Total hardware revenues were up seven per cent to $5.1bn, when the PC business was excluded from last year’s figures. Most of the Systems and Technology lines showed revenue increases except for mainframe, which slipped four per cent on the year.

Global Services revenues were up three per cent to $11.7bn, with the vendor’s total services backlog up to $113bn. Software revenues were $3.8bn, up 5 per cent on the year.®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
Cutting cancer rates: Data, models and a happy ending?
How surgery might be making cancer prognoses worse
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?