IBM growth driven by software, systems

Software and services fueled IBM growth in the second quarter of 2011, the company said Monday. For the quarter ended June 30, IBM reported revenue of $26.7 billion, which is up 12 percent from the same quarter last year. GAAP net income was $3.7 billion, up 8 percent. It reported non-GAAP net income of $3.8 billion, an 11 percent increase from the year before. Earnings per share were $3.00 by GAAP estimates, and $3.09 by non-GAAP accounting.

Source: http://www.infoworld.com/d/the-industry-standard/ibm-quarter-driven-software-systems-380

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