April 19, 2001

IBM meets first quarter expectations

Author: JT Smith

ZDNET.co.uk: "IBM on Wednesday gave Wall Street some desperately needed good
news, meeting first-quarter expectations.

The company earned $1.75bn, or 98 cents a share, compared with
$1.52bn and 83 cents per share in the same period a year earlier. A
consensus of analysts polled by First Call had expected earnings of 98
cents a share. IBM sales grew 15 percent year over year."

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