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Business and Innovation

IBM 2008 1st Quarter Earnings: Up. Revenue: Up. Services: Up. Software: Up

The news is out. IBM continues to report upbeat earnings with strong performances in consulting and software — and the results reflected the company's investments around the world. That was the story of IBM's first quarter results, reported Wednesday, 16 April 2008.

"IBM had a very good quarter, and a good start to 2008. These results reinforce our confidence in IBM's ability to perform well in a dynamic global economy," said Sam Palmisano, IBM chairman, president and CEO. "We feel good about the rest of the year."

  • Diluted earnings of $1.65 per share, up 36 percent
  • Total revenues of $24.5 billion, up 11 percent
  • Global Technology Services revenues up 17 percent; pre-tax income up 45 percent
  • Global Business Services revenues up 17 percent; pre-tax income up 23 percent
  • Software revenes up 14 percent; pre-tax income up 22 percent
  • 65 percent of revenues from outside the U.S.; E/ME/A revenues up 16 percent; Asia Pacific up 14 percent; U.S. up 6 percent
  • Services signings of $10.8 billion at constant currency; $12.6 billion at actual rates

You 'll find detailed reports including charts and audio presentations at http://www.ibm.com/investor

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