IBM Posts Highest Second-Quarter Results

IBM this week announced its second-quarter 2009 results, noting diluted earnings of $2.32 per share compared with diluted earnings of $1.95 per share in the second quarter of 2008. That's a year-on-year increase of 18 percent, and according to IBM, the highest for any first, second, or third quarter in the company's history.
"As a result of our strategic transformation, we have a very strong business model that is delivering superior earnings, cash, and client value," said Samuel J. Palmisano, IBM chairman, president and chief executive officer.
Looking forward, IBM said it expects full-year 2009 earnings of at least $9.70 per share, up from its previous expectation of $9.20 per share. In addition, the company said it expects full-year 2009 pre-tax income for its Software segment to grow by double-digits and reach somewhere around $8 billion.

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