Skip to: Content
Skip to: Site Navigation
Skip to: Search

May 17, 2008 2:11:52 AM CDT



IBM First Quarter Profits Jump 26%  

Posted Apr 17, 08 4:39 AM CDT in Business    Most Covered

(newser) – Bellwether IBM posted a 26% spike in profits for the first quarter, proving that some tech companies are escaping the fallout from the economic downturn. The gains include a 6% increase in American revenue to $9.9 billion and are attributed to corporate customers buying products and services designed to improve productivity or cut costs, reports the Wall Street Journal.

Source Wall Street Journal

open commentscomments (0)

Editor Recommended

IBM is doing just fine as It reports strong profit
New York Times | Apr 17, 08

IBM profits surge despite economy
BBC | Apr 17, 08

IBM First Quarter Profits Jump 26%
IBM stock rose after reporting a 26% increase in profits despite the economic slowdown.   (AP Photo/Henny Ray Abrams)
IBM First Quarter Profits Jump 26%
IBM reported a 26% increase in profits despite the economic slowdown.   (AP Photo/Mark Lennihan, file)
IBM First Quarter Profits Jump 26%
The entrance to the IBM manufacturing plant in Essex Junction, Vt. IBM reported a 26% increase in profits despite the economic slowdown.   (AP Photo/Toby Talbot)
prev   next
play

Threads (1 of 1)

Tags

economy   IBM   quarterly profits   revenue



Loading...

Loading...

Today's Most Popular

Loading...

Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »