IBM had a good quarter with excellent earnings-per-share results. We continued to improve our profit performance with our strategic focus on higher-value segments of the marketplace, as well as with our emphasis on productivity and global integration.
More Quotes from Samuel Palmisano:
IBM (NYSEIBM) remains a favorite with several All Stars. In mid-July, the company reported second quarter earnings per share of 1.12, which topped the consensus by almost 8. Total revenue of 22.3 billion was down 4 from the prior year, but up 6 without the impact of the divested PC business. IBM returned to form in this quarter, ... In particular, strategic, high-growth businesses -- in Business Performance Transformation Services, software and in key industry sectors and emerging markets -- were among our best-performing operations, achieving double-digit revenue growth.Samuel Palmisano
Our cash position remains strong. After investing in our business and returning nearly 3 billion to investors, we ended the quarter with a cash balance of more than 12 billion, significantly above a year ago.
Samuel Palmisano
Let me suggest a simple and straightforward description of global integration. It is doing the right work, in the right places, at the right cost.
Samuel Palmisano
We integrate our capability to create unique, innovative, high-value solutions to give our clients an edge they cannot get from any other company.
Samuel Palmisano
With the z900 and Shark,' we've raised the bar in enterprise systems for e-business,
Samuel Palmisano
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