IBM Beats The Street; Posts Revenues Of $24.3 Billion, Net Income Up 12 Percent

Monday, 18 October 2010 22:33

IBM Beats The Street; Posts Revenues Of $24.3 Billion, Net Income Up 12 Percent

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IBM released strong third quarter earnings today, posting revenue of $24.3 billion, up 3 percent from the third quarter in 2009, and surpassing analyst expectations. EPS were $2.82 per share, compared with diluted earnings of $2.40 per

share in the third quarter of 2009, an increase of 18 percent. BigBlue 's third quarter income came in at $3.6 billion compared with $3.2 billion in the third quarter of 2009, an increase of 12 percent. While IBM posted mixed earnings for the second quarter of this year, the company's third quarter earnings were much stronger.