On October 15, IBM (NYSE:IBM) reported third-quarter results that topped estimates, and the company raised its full-year guidance. However, IBM’s shares dropped because its results were not as good as investors had hoped and there was a drop in contract signings. Let’s take a closer look.
After Intel’s strong results this week, yesterday IBM (NYSE:IBM), the world’s leading computer services provider with annual revenue of $103.6 billion, reported a strong second quarter and also increased its 2009 earnings outlook. IBM has benefited from its strategic transformation towards Smarter Planet solutions, business analytics and cloud computing. Let’s take a closer look.