IBM released its financial results for the first-quarter, ended March 31st 2008.
Couple of important points from the report, which is available at ibm.com/investor/1q08:
- Diluted earnings of $1.65 per share, up 36 percent;
- Total revenues of $24.5 billion, up 11 percent;
- Software revenues up 14 percent; pre-tax income up 22 percent;
- 65 percent of revenues from outside the U.S.; E/ME/A revenues up 16 percent; Asia Pacific up 14 percent; U.S. up 6 percent;
Software revenues were $4.8B, up 14%, with all 5 brands showing Y/Y growth.
Lotus delivered another growth quarter, rising 17% compared to 1Q 2007.
“… revenues for Lotus software, which allows collaborating and messaging by clients in real-time communication and knowledge management, increased 17 percent year over year.”
Sam Palmisano, IBM CEO:
IBM had a very good quarter, and a good start to 2008. These results reinforce our confidence in IBM’s ability to perform well in a dynamic global economy. Our performance is a tribute to the way we have repositioned our company over the past several years, as well as the hard work of IBMers across the globe.
