Diluted earnings per share for the quarter was $ 1.98 on revenue of $ 26,800,000, an increase of 13 percent of sales last yearcheap nfl jerseys by 6 percent, adjusting for currency ratings. Analysts surveyed by Thomson Financial had expected $ 1.82 per share and 25.9 billion U.S. dollars in sales. Marcos? From? Http: / / .china-computer-accessories/buy-Mark/? Loughridge, IBM's Chief Financial Officer, sang in the results during a conference call on Thursday. This is one of the best pieces I've ever seen. ... These results are really strong, he said.
How will his rivals Oracle and SAsoccer jerseys, IBM's financial results more as a reference for the world economy suffers a downturn seen.
Sales in the Americas was 10900000000 $, an increase of 6 percent when adjusted for currency effects. Revenue from Europe, the Middle East and Africa 9800000000 $ to 7 percent and Asia Pacific revenue was $ 5,300,000,000, an increase of 6 percent, both on a constant currency.
IBM's System
z mainframe sales grew by 32 percent over the previous year. System z "has been extremely well-received in the marketplace," Loughdallas Cowboys jerseyidge said. "We entered the quarter with a strong deal pipeline, and this quarter, frankly, we were sold out."
System p sales also grew, by 29 percent over last year.
It was a different story for IBM's other hardware lines, however: System x sales fell by 5 percent, and System i by 47 percent. Loughridge associated that decline with IBM's ongoing efforts to move its legacy System i customer base to the newer Power platform.
Another weak spot was the Systems and Technology segment, which fell 3 percent when adjusted for currency, on $5.2 billion in revenue.
Meanwhile, Global Technology Services revenue rose 8 percent on an adjusted basis to $10.1 billion; and Global Business ?from?http://.china-computer-accessories? Services sales were up 9 percent to $5.1 billion.
IBM raised its profit forecast for all of 2008 to at least $8.75 per share, up from $8.50. The company has a 2010 target of $10 to $11 per share.
Without naming any poteMiami Dolphins jerseyntial target areas, Loughridge suggested IBM is looking to make further acquisitions even as it comes off large deals, such as its purchase of BI (business intelligence) vendor Cognos. "At today's prices there are some very attractive candidates out there," he said.
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