This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IBM Reports 2013 Third-Quarter Results

IBM (NYSE:IBM)

  • GAAP Results:
    • Diluted EPS: $3.68, up 11 percent;
    • Net income: $4.0 billion, up 6 percent;
    • Gross profit margin: 48.0 percent, up 0.6 points;
  • Operating (non-GAAP) Results:
    • Diluted EPS: $3.99, up 10 percent;
    • Net income: $4.4 billion, up 6 percent;
    • Gross profit margin: 49.1 percent, up 1.0 points;
  • Revenue: $23.7 billion, down 4 percent, down 2 percent adjusting for currency:
    • Software revenue up 1 percent, up 2 percent adjusting for currency;
      • Key branded middleware up 3 percent; up 4 percent adjusting for currency;
    • Services revenue down 3 percent, up 1 percent adjusting for currency;
      • Global Business Services revenue flat, up 5 percent adjusting for currency;
    • Services backlog of $141 billion, up 2 percent, up 6 percent adjusting for currency;
    • Systems and Technology revenue down 17 percent, down 16 percent adjusting for currency;
      • System z mainframe revenue up 6 percent; up 7 percent adjusting for currency;
    • Growth markets revenue down 9 percent, down 5 percent adjusting for currency;
    • Business analytics revenue up 8 percent year to date;
    • Smarter Planet revenue up more than 20 percent year to date;
    • Cloud revenue up more than 70 percent year to date;
      • Revenue in third-quarter exceeds $1 billion, of which about $460 million is delivered as a cloud service;
  • Maintaining full-year 2013 Operating (non-GAAP) EPS expectation of at least $16.25; at least $16.90, excluding second-quarter workforce rebalancing charge.

IBM (NYSE:IBM) today announced third-quarter 2013 diluted earnings of $3.68 per share, compared with diluted earnings of $3.33 per share in the third-quarter of 2012, an increase of 11 percent. Operating (non-GAAP) diluted earnings were $3.99 per share compared with operating diluted earnings of $3.62 per share in the third-quarter of 2012, an increase of 10 percent.

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs