Monday, December 05, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Go Eliminates Checkout Lines In Stores
Uber Creates AI Lab With Geometric Intelligence Acquisition
Google Launches New Personal Safety App
Micron Introduces The TLC-based 5100 Enterprise SSDs
Panasonic May Buy Headlight Manufacturer ZKW
KAIST Sues Samsung, Qualcomm And Globalfoundries Over FinFET Patent Infringement
Samsung Offers Second Gear S2 Update
Google DeepMind Makes AI Training Platform Available On GitHub
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > IBM Rep...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, July 19, 2005
IBM Reports 2005 Second-Quarter Results


After a disapointing first quarter, IBM reports better financial results for the Q2 2005.

The company siad its total diluted earnings per common share were $1.12, an 11 per cent increase compared with the same period in 2004. Its total revenue of $22.3 billion is down 4 percent versus the second quarter of 2004, but up 6 percent without the impact of the divested PC business.

Samuel J. Palmisano, IBM chairman and chief executive officer, said: "IBM made several strategic and important transitions in the second quarter. We seamlessly moved our PC business to Lenovo, implemented a streamlined management system in Europe, and restructured important parts of the company for future growth. I am proud of how the IBM team managed these transitions while, at the same time, delivering a solid quarter."

"IBM returned to form in this quarter. In particular, strategic, high-growth businesses -- in Business Performance Transformation Services, software and in key industry sectors and emerging markets -- were among our best-performing operations, achieving double-digit revenue growth. In addition, IBM Business Consulting Services posted an outstanding quarter, with strong revenue growth and a 30 percent increase in signings. This performance reinforces our confidence in our business model, and in our mission to apply unique, high-value skills and solutions to transform our clients' businesses."

IBM completed an agreement on April 30, 2005 to sell its PC business. As a result, the company's second-quarter 2005 results include the operational performance of the PC business for the month of April 2005 only. The segment results included in the press release reflect the new segment structure under which the company will operate as of the second quarter of 2005. PC results are identified on a standalone basis. In the second quarter of 2005, external PC revenue was $557 million and the pretax loss was $149 million, including a loss on intercompany sales and charges of $13 million.

Additional detail regarding the incremental restructuring charges, the gain on the PC sale, the Microsoft settlement, and the PC operation performance in the company's second-quarter results will be provided during IBM's regular quarterly earnings conference call, scheduled to begin at 4:30 p.m. EDT, today. Investors may participate by viewing the Webcast at www.ibm.com/investor/2q05. Presentation charts will be available on the Web site prior to the Webcast.


Previous
Next
Global PC Shipments Rise 16 pct in Q2        All News        Samsung Electronics, LG Philips LCD to Focus on Small LCD Panel Markets
Global PC Shipments Rise 16 pct in Q2     General Computing News      Philips Suffers From Weak European Demand Q2

Get RSS feed Easy Print E-Mail this Message

Related News
IBM and NVIDIA Team Up on New Platform For Deep Learning
New IBM Linux Servers Feature POWER8 Chips And NVIDIA NVLink Interconnect Technology
Scientists Imitate the Functionality of Neurons with a Phase-Change Device
IBM's Strategy Seems To Pay Off, Latest Results Show
AT&T and IBM Team to Bring Internet of Things Capabilities to Developers on IBM Cloud
IBM Scientists Discover New Recycling Process to Convert Old Smartphones and CDs into Non-Toxic Plastics
IBM Watson Will Be Trained To Tackle Cybercrime
IBM and SK Holdings C&C Alliance Brings Watson To South Korea
IBM Makes Quantum Computing Available on IBM Cloud
OpenPOWER Foundation Reveals New Servers
IBM, VMWare, To Accelerate Enterprise Hybrid Cloud Adoption
IBM To Buy Truven Health Analytics for $2.6 Billion

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .