IBM: Downturn? What Downturn?
Big Blue beats all estimates.
The strength of its performance in international markets was also key: $15.1 billion in revenue came from markets outside the U.S., or approximately two-thirds, as opposed to $10.9 billion from U.S. markets.
And this isn't the first time management has raised the bar this year. In January, the estimate was at $8.20 to $8.30 a share - and, to me, even the $8.75 measure looks like it could be conservative.
But that isn't to say that you shouldn't still be cautious: After the close on Thursday, Microsoft (MSFT) offered up some disappointing first-quarter guidance, and Google (GOOG) turned in a lousy second quarter. This could put a bit of a damper on the market in Friday's trading.
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