IBM makes profit of US$2b in Q2

According to the Q2 earnings released by IBM, the net profit rose 5.2% over the same period last year to hit US$2 bln and per share earnings stood at 1.15 US cents, within the market expectation. The turnover reached US$21.6 bln, the same with the figure of last year. IBM said that the Q2 PC sales affected the turnover and the currency exchange rate also harmed the earnings. IBM lost US$4.25, or 3.92% to close at US$104.28. It further slipped 4.1% to US$100 in the after-hours electronic trading.

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