IBM Q2 2013 Earnings: Revenue $24.9 Billion, Down 3 Percent

Posted on Jul 18 2013 - 1:45am by Editorial Staff

IBM

IBM today reported second quarter 2013 diluted earnings of $2.91 per share, operating (non-GAAP) diluted earnings were $3.22 per share, including workforce rebalancing charges, operating (non-GAAP) diluted earnings per share were $3.91, an increase of 8 percent, excluding the impact of workforce rebalancing charges.

The second-quarter net income was $3.2 billion while operating (non-GAAP) net income was $3.6 billion, including workforce rebalancing charges. Operating (non-GAAP) net income, excluding the impact of workforce rebalancing, was $4.3 billion. Total revenues for the second quarter of 2013 of $24.9 billion were down 3 percent from the second quarter of 2012.

“In the second quarter, we delivered strong performance in our higher-value software and mainframe businesses and again significantly increased our services backlog on growth in new business,” said Ginni Rometty, IBM chairman, president and chief executive officer.

Photo Credit: Flickr/Jiri Brozovsky

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