IBM Q3 Revenues Down 5% – Earnings Flat

Posted by Joachim Bartels | Oct 19, 2012 | Business Information, Business Software, IBM, United States | 0 |

Total revenues for the third quarter of 2012 of $24.7 billion were down 5 percent (down 2 percent, adjusting for currency) from the third quarter of 2011. Net income of $3.8 billion was flat year-to-year; or $3.9 billion, up 3 percent excluding the impact of UK pension-related charges. Operating (non-GAAP) net income was $4.2 billion compared with $4.0 billion in the third quarter of 2011, an increase of 5 percent. Slowing demand for the company’s technology-consulting services and business-software products and economic deterioration in Europe are being blamed for the lower results.

Source: IBM Press Release

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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