IBM's 2Q earnings up 12 percent
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Second-quarter earnings at International Business Machines Corp. rose 12 percent and beat Wall Street forecasts Wednesday, largely on the strength of IBM's software division and improvement in its services unit.
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Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.
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Microsoft Corp. MSFT.Oon Thursday  said its quarterly profit climbed as revenue rose 12 percent,  driven by demand for the company's core software products from  businesses and higher sales of personal computers and servers.
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Shares of IBM  gained 4 percent on Tuesday after the world's largest computer company posted third-quarter results that marked a recovery from a weak second-quarter performance, Wall Street commentators said.
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Fast-food giant Yum Brands said that its second-quarter profit rose by 12 percent, amid ongoing growth in its international business that offset an essentially flat U.S. performance.
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The 2.6 percent rise in second-quarter earnings overcame weak pricing in the Caribbean and higher fuel costs.
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IBM  on Thursday forecast  2008 earnings ahead of Wall Street expectations, sending its  shares up 5 percent.
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The software company reports a 12 percent surge in sales fed by a jump in maintenance revenue.
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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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Microsoft Corp. said Thursday its fiscal second-quarter profit topped analysts' expectations and climbed 79 percent, buoyed by rising sales of Windows-based personal computers.
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IBM  on Thursday forecast  2008 earnings well ahead of Wall Street expectations after  results showing a strong international performance, and its  shares rose 5 percent.
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IBM , the world's largest technology services company, on Wednesday posted a 12 percent jump in quarterly profit and raised its 2007 earnings forecast as revenue surged on software-company acquisitions.
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Stock index futures extended gains on Monday after IBM  announced preliminary earnings results that topped Wall Street estimates.
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BOSTON -- Already on a tear lately, shares of International Business Machines Corp. got another bounce after the technology company reported a 12 percent jump in quarterly earnings and improved its outlook for the rest of the year.
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IBM dispelled some of the gloom surrounding the tech industry&#39;s third quarter performance yesterday, when it reported strong results for the period and raised expectations for the full year performance on the back of the just finished period.
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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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U.S. computer firm IBM  raised US$123 million by selling about 3.5 percent of number three global PC maker Lenovo Group Ltd. , a term sheet showed, triggering a 7 percent share slide before a suspension kicked in.