Birger Heede wrote:
Timothy Sipples wrote:
<snip>
< I don't know
whether the 12% figure is in "constant currency" or not, but the dollar
isn't 12% weaker, and you have some large mainframe markets (like Japan)
with weak currencies anyway.
</snip>
The 12% is 'as reported'. It is 8% in CC (constant currency).
According to the slides shown.
Birger Heede
IBM Denmark
Quotes from this morning's Wall Street Journal article:
"first quarter earnings rose 8%"
"Revenue rose 6.6% to $22.03 billion"
"About three percentage points of the revenue growth
reflected the effects of strengthening foreign
currency translated into dollars.:
"Its hardware-division sales rose 2%, but were flat
in constant-currency. Double-digit growth in the
mainframes and powerful servers run on the Unix
operating system [SIC] led to sharp earnings
improvement in the division."
"Revenue in software, IBM's most important profit
contributor, rose 9%, or 5% adjusted for currency.
About half its growth came from acquisitions."
FWI.
Kind regards,
-Steve Comstock
The Trainer's Friend, Inc.
303-393-8716
http://www.trainersfriend.com
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