IBM Sticks With Earnings Guidance
International Business Machines Corp.'s chief financial officer said IBM could meet its per-share earnings goal this year even if revenue tumbles further, as the company benefits from cost cuts and a richer mix of business while it continues buying back shares.
Upbeat comments on the changing nature of IBM which generates less than 10% of profit coming from hardware and the growth in software revenue, currently at 23%
Source: Wall Street Journal
