Revenues in the company’s global technology services segment decreased 4% to $9.9bn for the quarter and software segment revenues were down 1% to $5.8bn.
Systems and technology segment revenues decreased 13% to $3.9bn for the quarter while after adjusting currency the revenue decline 12% compared to third quarter of 2011.
IBM president and chief executive officer Ginni Rometty said that in the third quarter, the company continued to drive margin, profit and earnings growth through its focus on higher-value businesses, strategic growth initiatives and productivity.
"Looking ahead, we see good opportunity with a strong product lineup heading into this quarter and annuity businesses that provide a solid base of revenue, profit and cash," Rometty said.
"We are reiterating our full-year 2012 operating earnings per share expectation of at least $15.10."
The company expects 2012 full-year operating diluted earnings per share to be at least $14.29, to reflect the impact of UK pension-related charges.
This article is from the CBROnline archive: some formatting and images may not be present.
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