International Business Machines' Management Discusses Q1 2013 Results - Earnings Call Transcript
Mark Loughridge
Thank you for joining us today. In the first quarter, we reported $23.4 billion in revenue, expanded gross pretax and net operating margins and delivered operating earnings per share of $3 which is up 8% year-to-year. But this quarter certainly didn't close the way it started. We had solid profit performance in January, but as the quarter ended hundreds of millions of dollars of very profitable software and System z mainframe deals fell short of the goal line. read more »
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