Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for October 18th, 2010

IBM 3Q 2010 Earnings

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IBM announced its 3Q 2010 earnings a few moments ago.

The net: 3Q 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.

Third quarter net income was $3.6 billion compared with $3.2 billion in the third quarter of 2009, an increase of 12 percent. Total revenues for the third quarter 2010 of $24.3 billion increased 3 percent (4 percent, adjust for currency) from the third quarter of 2009.

In the press release, IBM CEO Sam Palmisano highlighted growth in the hardware, software and services businesses, as well as expanded margins and, once again, increased earnings per share at double digits.

On a forward looking basis, Palmisano noted IBM is uniquely positioned in the enterprise, investing in high value segments like business analytics, advanced systems and smarter planet solutions.

Other details:

  • Diluted earnings per share of $2.82, up 18 percent;
  • 31 consecutive quarters of EPS growth, 13 of last 15 at double digits;
  • Full-year 2010 EPS expectations raised to at least $11.40;
  • Net income of $3.6 billion, up 12 percent;
  • Net margin of 14.8 percent, up 1.1 points;
  • Revenue of $24.3 billion, up 3 percent as reported, 4 percent adjusting for currency;
  • Growth markets revenue up 16 percent, 13 percent adjusting for currency;
  • BRIC countries revenue up 29 percent, 26 percent adjusting for currency;
  • Business analytics revenue up 14 percent;
  • Systems and Technology revenue up 10 percent, 11 percent adjusting for currency;
  • System z mainframe revenue up 15 percent; MIPS up 54 percent;
  • Software revenue excluding divested PLM operations, up 4 percent, 6 percent adjusting for currency; up 1 percent including divested PLM operations;
  • Services revenue up 2 percent, as reported and adjusting for currency;
  • Services backlog of $134 billion, up $5 billion quarter to quarter, down $2 billion adjusting for currency, and flat year over year.

You can read more about IBM’s 3Q 2010 earnings here.

Written by turbotodd

October 18, 2010 at 8:21 pm

Posted in earnings

Tagged with , , ,

Intelligence Unleashed: One Week To IOD

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Speaking of connecting the dots and intelligence, I’m heading out this weekend to my fourth trip to blog and podcast from the IBM Information on Demand event.

Once again this year, the event will be held at the lovely Mandalay Bay in Las Vegas, Nevada, and latest word is we’re expecting over 9,000 people in attendance.

That’s a whole lot of Flying Elvi, and also a whole bunch of dots to connect.

Which is why this year’s theme is so key: Gain Insight, Optimize Results.

And which is also why we’re excited the Cognos Business Analytics forum will be held concurrent with IOD, and why everybody is excited about the pending, long-awaited announcement of Cognos 10.

I was briefed on the new Cognos portfolio last week from some folks in the Cognos know, and I would tell you what they told me, but then they’ll have me thrown off the top of the longtime Cognos HQ in Ottawa, and that’s a long drop, plus it’s cold, and I’m from Texas, so I’m keeping my mouth shut.

For now.

However, I am going to suggest you tune in to the IBM Business Analytics keynote by our business analytics general manager, Rob Ashe, on the morning of October 25.

You can find more details on that and Cognos 10 here.  That morning, you’ll get all the details on Cognos 10 and more.  Mark your calendars now!

As mentioned, I’ll be blogging the main sessions per usual, and developerWorks’ Scott Laningham and I are also going to be doing some live programming from the show floor this year.

We’ll be talking to a number of the featured subject matter experts speaking at IOD, and also generally just making a nuisance of ourselves.

Be sure to tune into the live stream so as not to miss us smacking any egg on our faces!  There’s nothing like the live Interwebs!

We’ll also have a number of subject matter expert colleagues of ours blogging again from the event, including the Energizer Bunny data expert Adam Gartenberg and digital Cognos know-it-all guru Delaney Turner.

Between they, Scott, and Jennifer Sussin, who helps us all maintain our social media scheduling sanity, we should have close to gavel-t0-gavel coverage.

All that, of course, does NOT include all the Tweeting, videocasting and blogging being done by our business partners, customers, analysts, and the major media.

Know that we look forward to it all, and to help you more carefully monitor the IOD 2010 firehouse (Twitter Hashtag: iodgc and baforum), we’ve pulled together the IOD 2010 Social Media Aggregator.

It’s a lot of information to keep it up with, I know, but that’s why Cognos is going to play such a key role on the information agenda moving forward: To help customers around the globe separate the wheat from the chaff, gain new business insights, and share those insights in their organization with the people who matter most.

We look forward to seeing you in Vegas or for hearing from you across cyberspace — I’ll be the one wearing the gold chains.

Written by turbotodd

October 18, 2010 at 6:53 pm

Crossing The Rubicon

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Anybody see the last episodes of “Mad Men” and “Rubicon” last evening?

Spoiler Alert.  If you’ve got them on your DVRs, stop reading now, because I plan to comment on some of the outcomes.

First, Don Draper.  Did anybody see that coming?  Asking the new secretary to marry him on a trip to Disneyland, and using now deceased Anna’s ring? What a small world after all, especially for the lovely researcher, Dr. Faye, who’s on the losing end of this proposition, as she was assumedly in love with Draper, and he with her.

I dreaded Draper’s contacting Faye (or not) the rest of the episode.  The from-the-couch psychotherapy that could be read into that decision (marrying his assistant over the professional working woman), particularly at that point in history…well, it could fill volumes.

Meanwhile, poor Peggy Olson puts on her advertising gumshoes and lands the troubled Topaz account virtually on her own, and nary a person in Sterling Cooper notices due to Don’s newlywed nuptials.

I can’t wait to see where Matthew Wiener takes this thing next season.

As for “Rubicon,” it’s my favorite new show on TV.

It’s everything impatient and reality TV isn’t.  It makes you wait.  It’s slow to unwind.  But the looming backdrop is like a conspiracy unraveling amidst a greater web of conspiracy.

It’s impossible to dive right into this show and understand what’s going on.  From the first episode, the backstory drove the narrative, and the conspiracy, but it’s been one that’s a real pleasure to see unwind.

When the rest of TV is beating up on your intelligence with sensory overload (“Ice Road Truckers,” “Dancing with the Stars”), “Rubicon” has been more like a storyline cabernet that just needed a few weeks to breathe and open up.

And open up it has.  API analyst Will Travers uses his fine analytical abilities to connect one dot to another through most of the season, only to discover there’s a seemingly whole other portrait being painted, one that transcends that of the inside operation being planned by Truxton Spangler.

The terrorist attack in Galveston Bay was planned and masterminded by a cabal of insiders connected to Atlas MacDowell, but they’re convinced Spangler’s left too much of a trail linking the attack (purposely) to Iran, and with Will Travers having learned way too much.

Who’s ultimately pulling the strings, then, becomes the critical question. If not Spangler, if not his associates (who deliver the much feared four leaf clover, a death sentence in the show to date), then who?

That’s the key question left to the imagination, and one that will only likely be answered if “Rubicon” is picked up for another year.

My vote is most assuredly yes…then again, I’ve never been a big “Ice Road Truckers” fan.

Written by turbotodd

October 18, 2010 at 3:29 pm

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