Looks bullish to me.
IBM 2Q Net $1.50 A Shr Diluted Vs $1.43
International Business Machines Corp. - Armonk, N.Y. 2nd Quar June 30:
1998 1997
Revenue $18,823,000,000 $18,872,000,000
Net income -a 1,452,000,000 1,446,000,000
Avg shrs (basic) 939,600,000 986,900,000
Avg shrs (diluted) 964,300,000 1,010,400,000
Shr earns (basic)
Net income 1.54 1.46
Shr earns (diluted) Net income 1.50 1.43
a. Before payment of preferred dividends.
IBM reported revenues for the second quarter 1998 as follows:
- Sales, the revenue component which reflects computer hardware, fell 12.7% to $7.5 billion from $8.6 billion in the second quarter 1997
- Software revenues rose 4.6% to $3.2 billion from $3.1 billion a year earlier.
- Maintenance revenues fell 9.3% to $1.5 billion from $1.6 billion a year earlier.
- Services revenues rose 21.5% to $5.6 billion from $4.6 billion a year earlier.
- Rentals and financing revenues rose 6.6% to $989 million from $928 million a year earlier.
Gross profits totaled $7.1 billion in the latest quarter, down 3.4% from $7.4 billion a year ago. |
