IBM Reports Q1 2013 Results: Net Income $3.0 Billion, EPS $2.70

Posted on Apr 19 2013 - 1:37am by Karan Chopra

IBM today reported its first quarter 2013 results with the diluted earnings of $2.70 per share, a year-to-year increase of 3 percent. Operating (non-GAAP) diluted earnings were $3.00 per share, compared with operating diluted earnings of $2.78 per share in the first quarter of 2012, an increase of 8 percent.

First-quarter net income was $3.0 billion, down 1 percent year-to-year. Operating (non-GAAP) net income was $3.4 billion compared with $3.3 billion in the first quarter of 2012, an increase of 3 percent.  Total revenues for the first quarter of 2013 of $23.4 billion were down 5 percent (down 3 percent) from the first quarter of 2012.

Business Units Financials:

  • Systems and Technology revenue down 17 percent, down 16 percent
  • Growth markets revenue down 1 percent, up 1 percent
  • Business analytics revenue up 7 percent
  • Smarter Planet revenue up more than 25 percent
  • Cloud revenue up more than 70 percent
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Karan Chopra, CEO at G2One Network An Internet Media Company), Founder at 99DollarWebsite and Editor/Writer at I2Mag, JustWP.org, CodeAndMe.net, TechEXplained.org, JustInfo.Graphics, HowToWebDesign.org, NextBigProduct and WPLove.co. Karan is an internet enthusiast, who loves to explore every second thing in both technology and business. You can find him on Facebook , Twitter and Google+.