Meanwhile IBM Q2 Beats Expectations: Profits Up 22%

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Google Announces Q2 Earnings And Stock Plummets

Moments after the disappointing results from Google, IBM announced their Q2 results and their reported revenue increase beat out analyst expectations. IBM stock is up 0.5% in after-market trading as the company reported second-quarter earnings of $2.8 Billion, up 22% on the same time last year. Revenue rose 13% to $26.8 Billion. IBM have again upgraded their earnings forecast for the year to $8.75.

Sales in the Americas rose 8%, and they also grew strongly in other parts of the world. IBM is selling more services and earning more in a weak US economy, and the company has beaten the expectations of all on Wall Street.

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