IBM Posts Q2 Revenue Of $26.7B With Net Income Up 8 Percent To $3.7B, Ups Outlook

IBM just released its second quarter earnings today. Big Blue reported $26.7 billion in revenue for the quarter which is up 15 percent (or up 5 percent adjusting for currency). Diluted earnings came in at $3.00 per share, compared with diluted earnings of $2.62 per share in the first quarter of 2010, an increase of 18 percent. Analysts expected $3.02 per share on revenue of $25.4 billion. Second-quarter net income came in at $3.7 billion compared with $3.4 billion in the second quarter of 2010, an increase of 8 percent. Operating (non-GAAP) net income was $3.8 billion compared with $3.4 billion in the second quarter of 2010, an increase of 11 percent.

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