IBM Q3 net up 14% at $3.2 billion


Total revenues stood at US$23.6 billion in the quarter under review, a decrease of seven per cent from the same quarter last fiscal. However, sales increased by one per cent over the previous quarter.

Further, in its outlook, IBM said it expects full-year 2009 pre-tax income for both its software and services segments to grow at double-digit rates and reach about US$8 billion.

For nine months ended September, technology major posted a net income of US$8.6 billion against US$7.9 billion in the year-ago period. Revenues for the period totalled US$68.5 billion against US$76.6 billion for the year ago period.

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