IBM Posts Highest Second-Quarter Results Ever

Paul Lilly

IBM this week announced its second-quarter 2009 results, noting diluted earnings of $2.32 per share compared with diluted earnings of $1.95 per share in the second quarter of 2008. That's a year-on-year increase of 18 percent, and according to IBM, the highest for any first, second, or third quarter in the company's history.

"As a result of our strategic transformation, we have a very strong business model that is delivering superior earnings, cash, and client value," said Samuel J. Palmisano , IBM chairman, president and chief executive officer.

Looking forward, IBM said it expects full-year 2009 earnings of at least $9.70 per share, up from its previous expectation of $9.20 per share. In addition, the company said it expects full-year 2009 pre-tax income for its Software segment to grow by double-digits and reach somewhere around $8 billion.

Image Credit: IBM

Around the web