Revenues Generated In The Fiscal Year 2014 By IBM

IBM has announced $4.12 diluted per share, which is higher than the amount the company has earned in the prior year.  Overall an increase of 42 percent has increased.  Diluted earnings for non GAAP operating  section was $4.32 per diluted share, when compared to the prior year the amount was increased 34 percent. 

“In the second quarter, we made further progress on our transformation.  We performed well in our strategic imperatives around cloud, big data and analytics, security and mobile,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “We will continue to extend and leverage our unique strengths to address the emerging trends in enterprise IT and transform our business, positioning ourselves for growth over the long term.”

This year in the second quarter the net income  generated by IBM  was $ 4.1 billion, after the comparison from the prior year, an increase of 28 percent was highlighted  means, last year the total net income generated was $3.2 billion. Non-GAAP operating income generated was $4.3 billion this year in the second quarter and in the prior year the amount was $3.6 billion last year in the same quarter.

In the second quarter of this fiscal year the total revenue was 2 percent down,  The total amount of revenue generated by the company was $24.4 billion. This year, IBM is expecting full year diluted earnings per share  of approximate $17 and non GAAP operating income per diluted share of $18.

Geographically, The revenue generated by IBM (America) in the second quarter of this year was $10.6 billion and this amount highlights a decrement of 1 percent, when compared to the prior year. For Europe/ Middle East/ Africa the percentage was increased by 1 percent. From the market growth the revenues were down 7% and the revenues earned by the BRIC was increased 2 %.

Form Global technology service section the Pre-Tax income was  increased 22 percent and the margin  was increased 19.2 percent. Along with this the Pre-Tax of Global Business Services was 34 percent higher and the margin of this category was increased up to 17.8 percent. IBM ended the second quarter with $9.7 billion cash in  hand and with $3.0 billion generated cash from free cash flow, excluding the amount of $0.3 billion  from Global Financing  Receivables. To the shareholder, IBM has returned $4.8 billion through the gross share of $3.7 billion and dividends of $1.1 billion.