See the full article for more details on a strong IBM quarter
Shares in IBM surged in after-hours trading after the company reported quarterly results that were way ahead of the expectations of analysts. Here’s some highlights:
- Overall sales at $26.7 billion were $1 billion higher than the consensus and grew 12 percent.
- Profits were $3.7 billion or $3.09 per share, up 8 percent year-over-year.
- Mainframe revenue grew 61 percent, including an 86 percent growth rate in the MIPS business and 12 percent growth in the Power architecture business.
IBM Sees Strong International Growth, Swipes at Oracle - Arik Hesseldahl - News - AllThingsD
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