I.B.M. Beats Earnings Expectations Again

I.B.M. Beats Earnings Expectations Again "Bolstered by the addition of the PricewaterhouseCoopers employees, revenue for the Global Services unit jumped 16.7 percent to almost $10.58 billion. Global Services signed contracts for $18.1 billion, which was roughly double the third quarter. But the quarter included a number of contracts I.B.M. had said previously had been unexpectedly pushed back from the third quarter. ...
Sales of computers and other hardware rose 1 percent, to $8.1 billion, but would have declined 1 percent without the currency translation increase. Software revenues were flat at $3.8 billion (or down 2 percent in constant dollars) compared with a year ago. Mr. Joyce said customers continued to delay software buying decisions and to make smaller purchases than in the past."