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IBM raises guidance, profit blows past forecasts; sales fall short

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Angsuman Chakraborty

Posts: 19816
Nickname: angsuman
Registered: Dec, 2003

Angsuman Chakraborty is the CEO and Chief Architect at Taragana
IBM raises guidance, profit blows past forecasts; sales fall short Posted: Jul 16, 2009 9:30 PM
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This post originated from an RSS feed registered with Java Buzz by Angsuman Chakraborty.
Original Post: IBM raises guidance, profit blows past forecasts; sales fall short
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IBM raises guidance, profit blows past forecasts SAN FRANCISCO — IBM Corp. has dramatically increased its full-year profit forecast to $9.70 per share. The forecast had been $9.20 per share before Thursday. The upgrade is a rare sign of confidence from a major corporation in the recession. IBM believes it can continue wringing out more profit from its [...]

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