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Enterprise Linux IT: IBM's Results Solid on Services Business

Jul 19, 2004, 11:30 (2 Talkback[s])
(Other stories by Jason Lopez)

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"IBM surpassed profit expectations by posting second-quarter net income of US$1.99 billion, or $1.16 a share; analysts had expected $1.12. The company also met Wall Street's revenue estimates with $23.2 billion in sales.

"Big Blue is a bellwether, considering the company's size and the breadth of its products and services. The emphasis at IBM has been on the latter, as the firm has realized higher margins by providing consulting for a range of I.T. needs, including software and hardware implementation..."

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