IBM sees 28% growth in ICs

Mark LaPedus, EETimes
10/18/2010 8:43 PM EDT

SAN JOSE, Calif. - IBM Corp. posted mixed results amid growth in its IC business.

For IBM, total revenues for the third quarter of 2010 of $24.3 billion increased 3 percent from the third quarter of 2009.

Third-quarter net income was $3.6 billion, compared with $3.2 billion in the third quarter of 2009, an increase of 12 percent. IBM announced third-quarter 2010 diluted earnings of $2.82 per share, compared with diluted earnings of $2.40 per share in the third quarter of 2009, an increase of 18 percent.

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