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International Business Machines Corporation Message Board

  • cvs9yt cvs9yt Jul 31, 2013 7:35 AM Flag

    Financial Summary really tells the story

    Financial Results Summary:

    Yr. to Yr.
    Percent/
    (Dollars in millions except per share amounts) Margin
    For the three months ended June 30: 2013 2012 Change
    Revenue $ 24,924 $ 25,783 (3.3 )%*
    Gross profit margin 48.7 % 47.6 % 1.0 pts.
    Total expense and other income $ 7,988 $ 7,120 12.2 %
    Total expense and other income to revenue ratio 32.0 % 27.6 % 4.4 pts.
    Provision for income taxes $ 918 $ 1,280 (28.3 )%
    Net income $ 3,226 $ 3,881 (16.9 )%
    Net income margin 12.9 % 15.1 % (2.1 )pts.
    Earnings per share:
    Assuming dilution $ 2.91 $ 3.34 (12.9 )%
    Basic $ 2.93 $ 3.38 (13.3 )%
    Weighted-average shares outstanding:
    Assuming dilution 1,109.4 1,161.9 (4.5 )%
    Basic 1,100.9 1,149.0 (4.2 )%

 
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