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IBM reports 14% profit growth for Q3 and raises outlook

Posted on: Fri, 16 Oct 2009 06:44:00 EDT

Symbols: IBM

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Diluted earnings per share increased by 18% to USD2.40 per share from
USD2.04 in the 2008 third quarter.

Total revenues for the third quarter of 2009 amounted to USD23.6bn.
This shows a year-on-year decline of 7% (5% when adjusted for currency)
but is up 1% from the second quarter of 2009.

Samuel J Palmisano, IBM's chairman, president and CEO, said that the
company saw improved revenue trends in its business and market share
gains in hardware and software.

IBM has raised its full-year 2009 earnings guidance to at least USD9.85
per share compared with its previous forecast of at least USD9.70 per
share.

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For full details on International Business Machines Corporation (IBM) IBM. International Business Machines Corporation (IBM) has Short Term PowerRatings at TradingMarkets. Details on International Business Machines Corporation (IBM) Short Term PowerRatings is available at This Link.

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