(Reuters) - IBM said on Wednesday that second-quarter net income rose 12 percent as revenue grew 8.6 percent to $23.8 billion, helped by about $5 billion of software-company acquisitions that strengthened the company's most profitable business.
The results, which beat analysts' average forecasts, led IBM to raise its 2007 earnings-per-share growth forecast to 14 percent to 15 percent from a May projection of 13 percent to 14 percent growth.
Read more at Reuters.com Hot Stocks News
The results, which beat analysts' average forecasts, led IBM to raise its 2007 earnings-per-share growth forecast to 14 percent to 15 percent from a May projection of 13 percent to 14 percent growth.
Read more at Reuters.com Hot Stocks News
No comments:
Post a Comment