IBM Beats Views, Raises Outlook
By wchung | 07 Jun, 2026
IBM’s net income rose 12 percent and the technology company raised its 2010 profit forecast slightly as it wrings more out of its services and software divisions and gets a lift from a new mainframe computer.
IBM Corp. earned $3.59 billion, or $2.82 per share, versus $3.21 billion, or $2.40 per share, a year ago. Analysts expected $2.75 per share.
Revenue rose 3 percent to $24.27 billion. Analysts expected $24.13 billion.
JORDAN ROBERTSON, AP Technology Writer SAN FRANCISCO
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