Tuesday, October 18, 2005

IBM Surpases 3Q2005 Earning Estimate

After the market closed yesterday, IBM announced 3Q2005 earnings. Profits rose 22% in part due to an increase in IT spending ($1 out of every $10 IT dollars is spent on IBM hardware, software or services) but also due to internal cost-cutting measures.

Link: IBM: IBM Reports 2005 Third-Quarter Results

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