IBM Announces Q1 2012 Results With Net Income Of $3.1 Billion, Total Revenue Of $24.7 Billion

Posted on Apr 18 2012 - 11:35am by Editorial Staff

IBM has announced its first-quarter 2012 results with diluted earnings of $2.61 per share, compared with diluted earnings of $2.31 per share in the first quarter of 2011, an increase of 13 percent. Operating (non-GAAP) diluted earnings were $2.78 per share, compared with operating diluted earnings of $2.41 per share in the first quarter of 2011, an increase of 15 percent.

First-quarter net income was $3.1 billion compared with $2.9 billion in the first quarter of 2011, an increase of 7 percent. Operating (non-GAAP) net income was $3.3 billion compared with $3.0 billion in the first quarter of 2011, an increase of 9 percent.  Total revenues for the first quarter of 2012 of $24.7 billion were flat (up 1 percent, adjusting for currency) from the first quarter of 2011.

“In the first quarter, we drove strong profit and earnings per share growth. We delivered another excellent software performance, expanded services margins, and continued the momentum in our growth initiatives,” said Ginni Rometty, IBM president and chief executive officer. “Our investments in growth market countries continued to generate strong revenue growth across software, hardware and services while contributing to the company’s ongoing margin expansion.

Financial Results:

  • Diluted earnings of $2.61 per share
  • Operating (non-GAAP) diluted earnings were $2.78 per share
  • First-quarter net income was $3.1 billion
  • Operating (non-GAAP) net income was $3.3 billion
  • Total revenues for the first quarter of 2012 of $24.7 billion
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