IBM Posts Q3 Revenue Of $26.2B With Net Income Up 7 Percent To $3.8B; Ups Outlook

IBM has released its third quarter results today, with non-GAAP diluted earnings coming in at $3.28 per share, compared with operating diluted earnings of $2.85 per share in the third quarter of 2010, an increase of 15 percent. Analysts were expecting $3.22 per share with revenue of $26 billion. The company posted diluted earnings of $3.19 per share, compared with diluted earnings of $2.82 per share in the third quarter of 2010, an increase of 13 percent. Big Blue's third-quarter net income was $3.8 billion compared with $3.6 billion in the same quarter in 2010, an increase of 7 percent. Operating (non-GAAP) net income was $4 billion compared with $3.6 billion in the third quarter of 2010, an increase of 9 percent. Total revenue for the third quarter of 2011 of $26.2 billion increased 8 percent from the third quarter of 2010.

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