Revenues rose 1.6% year/year to $29.49 billion versus the $29.73 billion consensus.
IBM Gross Margin 49.9% vs 49.86% estimates. Co issues upside guidance for FY12, sees EPS of $14.85 vs. $14.81 Capital IQ Consensus Estimate. Co reported Gross Margin 49.9% vs 49.86% estimates.
The company also reaffirmed that they are well on track toward their long-term roadmap for operating earnings per share of at least $20 in 2015. Company reported Software rev up 9%; Global Technology Services revenue up 3%; Global Business Services revenue up 3%, 2 percent adjusting for currency; Services backlog of $141 bln, up $4 billion as reported, up $5 billion adjusting for currency, quarter to quarter; and Systems and Technology revenue down 8%.






