IBM has reported total net revenue of $23.7bn for the second quarter of 2010, an increase of 2% compared to the same period last year. Revenues from global technology services increased marginally to $9.2bn, while global business services segment revenue grew 3% to $4.5bn.
For the second quarter of 2010, the company posted net income of $3.4bn, an increase of 9% compared to a net income of $3.1bn for the same quarter a year ago. Net income per share was up by 13% to $2.61 from $2.32 per share for year ago quarter.
Geographically, the Americas’ revenue grew 3% year-over-year to $10.2bn in the second quarter of 2010. Revenue from Europe, Middle East and Africa decreased by 6% to $7.4bn, while Asia-Pacific revenues was up 9% to $5.4bn, and OEM revenues increased by 26% to $677m, compared to the same period last year.
Samuel Palmisano, chairman, president and chief executive officer of IBM, said: "In the second quarter we again delivered double-digit earnings-per-share growth, increased margins, as well as improving constant-currency revenue performance in our ongoing software, services and hardware businesses, and in all geographies.
"With the benefit of our strategic growth investments, our mix of higher-value business and the introduction of new System z and Power Systems, we are confident of our ability in the second half of the year to continue our strong business performance, grow profit and drive shareholder returns. As a result, we expect full-year 2010 diluted earnings per share of at least $11.25."
