I.B.M. Earnings Up on Software Gains
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The companyâs performance shows that it is making progress in its shift toward selling higher-margin software.
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Diversified manufacturer 3M Co  reported higher operating earnings on Tuesday as the industrial and consumer bellwether saw growth in its health-care and international businesses.
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Slot machine maker International Game Technology (IGT.N: Quote, Profile, Research) on Tuesday posted better-than-expected quarterly earnings, as casinos bought
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Although revenue slipped during the past quarter, rising software license sales and higher earnings have i2 Technologies Inc. officials hopeful about the future.
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IBM reported a better-than-expected 24  percent rise in preliminary quarterly earnings on Monday on  strong sales in overseas markets, driving its shares up 6  percent and spurring a broader tech rally.
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International Business Machines Corp.  on Tuesday posted a quarterly net profit that beat Wall Street's recently raised target as solid year-end product sales were buoyed by a weaker U.S. dollar.
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The business software company surpassed Wall Streetâs projections as the company reported a sharp rise in new software licenses.
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IBM  reported a better- than-expected 24 percent rise in preliminary quarterly earnings on Monday on strong sales in overseas markets, driving its shares up 5 percent and spurring a broader tech rally.
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EMC saw a dramatic increase in profit over last year, mainly due to VMware acquisition and IPO.
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BMC Software Inc. on Tuesday said it swung to a profit in the second quarter, and increased its full-year guidance. For the three months ended Sept.
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A.I.G. posted earnings nearly eight times higher than a year ago, with property and casualty insurance its star performer.
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Storage maker EMC&#39;s profit increased dramatically compared to last year&#39;s third quarter, lifted again by continued growth of its VMware subsidiary and EMC&#39;s recent sale of a slice of the company.
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Microsoft reported surprisingly strong quarterly profits and sales growth in its core software products, sending its stock up 12 percent in after-hours trading.
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The Lenovo Group, the personal computer maker, said its profit rose more than 600 percent in its latest fiscal year as it increased sales and restructured after its acquisition of I.B.M.âs PC unit. Profits were $161 million for the year, up from $22 million in the prior year. The Americas operations returned to profitability in the fourth quarter, meaning that all the global regions were profitable for the first time, the chief executive, William J. Amelio, said. Sales for the year, which ended March 31, rose 9.9 percent, to $14.6 billion, helped by strong sales of laptop and desktop computers in its home China market, Lenovo said. The company said its worldwide market share rose 0.2 percentage points, to 7.4 percent.
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Healthy sales of software and technology services helped fourth-quarter profit rise 12 percent at International Business Machines Corp., which had already disclosed that the results would be way ahead of analysts' forecasts.
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SAN FRANCISCOâOracle Corp. reported a 16 per cent rise in quarterly net income yesterday as the world&#39;s second-largest software company benefited from steady demand for its flagship database software.
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HMS Holdings has seen an increase in revenues and net income.