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July 22, 1997updated 05 Sep 2016 12:41pm

COMPANY RESULT: IBM CORP

By CBR Staff Writer

IBM Corp reported second quarter earnings of $1.4bn, up 7.6% on the $1.3bn it did a year earlier on revenue up 4% at $18.9bn compared with $18.2bn in 1996. It reported profits up 23% at $2.6bn on $2.1bn last time which included a $435m charge for the acquisition of Tivoli Systems Inc, on revenue up 4% at $36.2bn over $34.7bn last time.

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