IBM Gives Optimistic View but Few Specifics

IBM(IBM Quote) continues to believe its earnings per share can grow in the double digits in the long term, CFO John Joyce said during Big Blue's analyst day Thursday.

Based on the company's use of capital, its cash flow and leverage in operating margins with its PricewaterhouseCoopers acquisition, IBM is looking to grow earnings per share in the double digits and continues to believe it can do so over the long term, Joyce said. But he did not provide a specific period of time.

"We believe that we will grow our profits through our gain-share strategy," Joyce said. "Our cash flow position is excellent and we think we'll be able to utilize that." ...