IBM:earnings fell more than expected

April 22, 2009, 1:32 pm

   The company IBM has published information on the financial results of the first calendar quarter of this year recorded the decline in gross profit on the same period last year - 21, 71 billion dollars to 24, 5 billion Actual results of one of the most successful U. S. technology companies were lower than previously projected by analysts Reuters Estimates figure of 22, 56 billion dollars
Net income for the same period declined by 1% - 2, $ 3 billion to 2 , 32 billion dollars a year earlier. However, in terms of profit per share increased to 1, to $ 7 compared to 1, to $ 64 last year, due to decrease in the total number of shares. Experts noted that in general the case with IBM situation better than many other companies in the industry, and in no small measure due to the fact that the company is actively developing in the field of software development and provision of services, including outsourcing and technology support.


Random related topic`s: