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IBM net income falls

By BFN News | 02:08 PM | Thursday 18 July, 2013


IBM's second quarter 2013 diluted earnings fell to $2.91 per share - 13% down on last year. Operating (non-GAAP) diluted earnings were $3.22 per share, including workforce rebalancing charges, compared with operating diluted earnings of $3.51 per share in the second quarter of 2012, a decrease of 8%. Operating (non-GAAP) diluted earnings per share were $3.91, an increase of 8%, excluding the impact of workforce rebalancing charges. Second quarter net income was $3.2bn compared with $3.9bn in the second quarter of 2012, a decrease of 17%. Operating (non-GAAP) net income was $3.6bn, including workforce rebalancing charges, compared with $4.1bn in the second quarter of 2012, a decrease of 12%. Operating (non-GAAP) net income, excluding the impact of workforce rebalancing, was $4.3bn, an increase of 3%. Total revenues for the second quarter of 2013 of $24.9bn were down 3% (down 1%, adjusting for currency) from the second quarter of 2012. Story provided by StockMarketWire.com

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