Strong services revenue lifts IBM's second quarter
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Blog: IBM sees healthy revenue from global services and software divisions as it seeks out higher-margin businesses.
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US economic growth during the second quarter of the year was stronger than previously thought, the Commerce Department reported on Wednesday, partly because businesses
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Oracle Corp. reported second-quarter 2005 earnings that beat analyst expectations on Monday, thanks to new software revenue and continued gains from license updates and product support.
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Microsoft said its fiscal second-quarter profit topped analystsâ expectations and climbed 79 percent, buoyed by rising sales of Windows-based personal computers.
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The US economy grew 4% in the second quarter of the year, a much stronger performance than first thought.
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IBM, HP, Sun and Dell lead the market, which saw 7.7 percent revenue growth in the second quarter, compared with a year earlier.
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IBM on Monday said fourth-quarter revenue, aided by exchange rates and sales outside the U.S., stood at $28.9 billion, an increase of 10 percent over the same period in 2006.
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International Business Machines  Corp. IBM.N 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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Revenue for the network computer maker rose year over year for the second consecutive quarter after three years of declines, the company said today.
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The company, which is in the midst of restructuring its business to lift sales, reported strong revenue growth across all divisions.
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Investment bank Lehman Brothers Holdings Inc. , said on Tuesday second quarter profit rose, helped by a surge in investment banking revenue.
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IBM  reported better-than-expected preliminary quarterly results on Monday on strong performances in Asia, Europe and emerging markets, driving its shares up 10 percent and spurring a broader tech rally.
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IBMâs revenue from India grew by 37 percent last year, mainly on Indiaâs strong economic growth, including in industrial production.
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IBM  reported a better-than-expected 24 percent rise in preliminary quarterly earnings on Monday on strong sales in Asia, Europe and emerging markets, driving its shares up as much as 10 percent and spurring a broader tech rally.
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IBM , the world&#39;s largest  technology services company, on Wednesday posted a higher  quarterly profit as revenue rose 9 percent, helped by  software-company acquisitions and growth in computer services.
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Johnson & Johnson  on Tuesday said second-quarter profit rose on higher sales of medical devices and prescription drugs, beating Wall Street expectations on especially strong demand in overseas markets.
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The defense contractor said second-quarter earnings rose on higher sales across most of its businesses, including fighter jets, missile defense and information technology.