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 is an internet enthusiast, who loves to explore every second thing in both technology and business.