IBM net up 10 percent to $2.86 Billion in Jan-Mar qtr

Wednesday, 20 April 2011, 23:19 IST   |    1 Comments
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New York: Tech giant IBM has reported a 10 percent rise in net income to $2.86 billion in the January-March quarter of 2011 on account of robust growth in hardware and software business. The entity had a net income of $2.6 billion in the year-ago period, IBM said in a statement. The company's total revenues increased to $24.6 billion in the first quarter ended March 31, 2010 from $22.85 billion in the corresponding period last year. Thus, registering a growth of 7.7 percent. "We delivered a strong first quarter with revenue growth across hardware, software and services and with more than 40 countries growing in double digits
Source: PTI
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