Reuters: Technology News: IBM boosts 2012 outlook after first quarter results

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IBM boosts 2012 outlook after first quarter results Apr 17th 2012, 20:47 Tweet Share this Email Print A man passes by an illuminated IBM logo at the CeBIT computer fair in Hanover February 27, 2011. Credit: Reuters/Tobias Schwarz Tue Apr 17, 2012 4:23pm EDT (Reuters) - IBM posted first-quarter revenue of $24.7 billion and net earnings of $3.1 billion as the technology and consulting company benefited from strong demand for software services. International Business Machines, which has been shifting its focus from hardware to higher-margin services and software over the past decade, said on Tuesday that earnings per share, excluding items, was $2.78 -- beating average analysts' earnings per share estimates of $2.65 and in line with revenue expectations of $24.78 billion. (Reporting By Nicola Leske; Editing by Bernard Orr) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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