Breaking News

Razer Expands 4000 Hz Hyperpolling To Select Blackwidow Keyboards ASUS Announces ExpertCenter PN54-S1 Mini PC SCUF Gaming Introduces Valor Pro Wireless Controller for Xbox and PC PlayStation Plus Monthly Games for October 2025 Sony Unveils Sony FE 100mm F2.8 Macro GM OSS

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

IBM Reports 2005 Second-Quarter Results

IBM Reports 2005 Second-Quarter Results

Enterprise & IT Jul 19,2005 0

After a disapointing first quarter, IBM reports better financial results for the Q2 2005. The company siad its total diluted earnings per common share were $1.12, an 11 per cent increase compared with the same period in 2004. Its total revenue of $22.3 billion is down 4 percent versus the second quarter of 2004, but up 6 percent without the impact of the divested PC business.

Samuel J. Palmisano, IBM chairman and chief executive officer, said: "IBM made several strategic and important transitions in the second quarter. We seamlessly moved our PC business to Lenovo, implemented a streamlined management system in Europe, and restructured important parts of the company for future growth. I am proud of how the IBM team managed these transitions while, at the same time, delivering a solid quarter."

"IBM returned to form in this quarter. In particular, strategic, high-growth businesses -- in Business Performance Transformation Services, software and in key industry sectors and emerging markets -- were among our best-performing operations, achieving double-digit revenue growth. In addition, IBM Business Consulting Services posted an outstanding quarter, with strong revenue growth and a 30 percent increase in signings. This performance reinforces our confidence in our business model, and in our mission to apply unique, high-value skills and solutions to transform our clients' businesses."

IBM completed an agreement on April 30, 2005 to sell its PC business. As a result, the company's second-quarter 2005 results include the operational performance of the PC business for the month of April 2005 only. The segment results included in the press release reflect the new segment structure under which the company will operate as of the second quarter of 2005. PC results are identified on a standalone basis. In the second quarter of 2005, external PC revenue was $557 million and the pretax loss was $149 million, including a loss on intercompany sales and charges of $13 million.

Additional detail regarding the incremental restructuring charges, the gain on the PC sale, the Microsoft settlement, and the PC operation performance in the company's second-quarter results will be provided during IBM's regular quarterly earnings conference call, scheduled to begin at 4:30 p.m. EDT, today. Investors may participate by viewing the Webcast at www.ibm.com/investor/2q05. Presentation charts will be available on the Web site prior to the Webcast.

Tags: IBM
Previous Post
Global PC Shipments Rise 16 pct in Q2
Next Post
Samsung Electronics, LG Philips LCD to Focus on Small LCD Panel Markets

Related Posts

  • IBM and AMD Join Forces to Build the Future of Computing

  • IBM Unveils watsonx Generative AI Capabilities to Accelerate Mainframe Application Modernization

  • New magnetic tape prototype breaks data density and capacity records

  • IBM Expands the Computational Power of its IBM Cloud-Accessible Quantum Computers

  • Researchers Use Analog AI hardware to Support Deep Learning Inference Without Great Accuracy

  • Server Market Posts a Record First Quarter on Strong Cloud-service Demand

  • IBM Wants to Change IT Operations With Watson AIOps, Releses Edge Computing Solutions for 5G Deployments 5G era

  • IBM Reports Continued Cloud Revenue Growth, Withdraws Annual Forecast

Latest News

Razer Expands 4000 Hz Hyperpolling To Select Blackwidow Keyboards
Gaming

Razer Expands 4000 Hz Hyperpolling To Select Blackwidow Keyboards

ASUS Announces ExpertCenter PN54-S1 Mini PC
Enterprise & IT

ASUS Announces ExpertCenter PN54-S1 Mini PC

SCUF Gaming Introduces Valor Pro Wireless Controller for Xbox and PC
Gaming

SCUF Gaming Introduces Valor Pro Wireless Controller for Xbox and PC

PlayStation Plus Monthly Games for October 2025
Gaming

PlayStation Plus Monthly Games for October 2025

Sony Unveils Sony FE 100mm F2.8 Macro GM OSS
Cameras

Sony Unveils Sony FE 100mm F2.8 Macro GM OSS

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed