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IBM with good financial report for Q2

The net profit for the second quarter of 2011, one of the largest companies in the computer industry IBM justified forecasts of analysts, reaching 3.7 billion dollars, which is 8% higher than the indicator for the same period of previous year. The revenues for the second quarter rose 12 percent to 26.7 billion dollars compared to the same period last year. The earnings per share rose 15 percent to 3.0 dollars. The analysts quoted by the magazine Forbes, the forecasts were for earnings of 3.02 dollars per share and revenue of 25.4 billion dollars. The experts expect earnings per share of IBM for the year to reach 13.21 dollars. This is in line with a 5-year growth of the company, which according to its 2015 earnings per share should reach 20 USD.
"In the second quarter, our long-term investments and initiatives for the development of our company helped to dramatically increase revenue. The pace of growth and revenue service business units of hardware and software were high", said the CEO of IBM Sam Palmisano. The revenues of the company's service business grew by 10% to 15.1 billion dollars, and software business registered growth of 17% to 6.2 billion dollars. Businesses with hardware also increased by 17% to 4.7 billion US dollars. The IBM's positions seem stable enough this year in its home company Palmisano double bonus of 9 million US dollars.
Since early 2011, IBM shares rose in value on the stock exchange in New York by almost 20%.