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IBM Beats Estimates (Update)

Stock quotes in this article: IBM , MSFT , GOOG , ACN  

SAN FRANCISCO -- Despite a shaky economy, IBM(IBM Quote) charged past Wall Street's expectations for the second quarter and raised its earnings outlook for the current fiscal year.

The company said Thursday that net income for the second quarter was up 22.3% to $2.76 billion, or $1.98 a share, from $2.26 billion, or $1.55 a share, a year earlier.

Revenue rose 12.8% to $26.8 billion from $23.77 billion a year ago. Adjusted for currency changes, revenue rose 6%. ...

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