Sales and profits rise at IBM

IBM has posted improved second-quarter results, with operating profits nudging up from $1.74bn to $1.82bn (£1bn to £1.05bn) year on year. The company also reported a 6% increase in year-on-year sales.

This Article Covers

Jobs

IBM has posted improved second-quarter results, with operating profits nudging up from $1.74bn to $1.82bn (£1bn to £1.05bn) year on year. The company also reported a 6% increase in year-on-year sales.

The improvement follows disappointing first-quarter results, which saw the firm introduce a quick-fire redundancy programme that slashed 14,500 jobs, around 70% of which were in Europe.

Big Blue says around 8,000 of those affected have already left the company. IBM is now engaged in a major hiring programme in India.

CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more on IT jobs and recruitment

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close