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The IBM logo is seen outside the company’s offices in Petah Tikva, near Tel Aviv October 24, 2011.
Credit: Reuters/Nir Elias
(Reuters) – IBM Corp (IBM.N), the world’s largest technology services company, reported an increase in first-quarter earnings, but missed estimates due to the depreciation of the Japanese yen.
International Business Machines Corp said on Thursday its quarterly non-GAAP income rose 3 percent to $ 3.4 billion, or $ 3.00, compared with analyst estimates of $ 3.05 a share, according to Thomson Reuters I/B/E/S.
(Reporting By Nicola Leske. Editing by Andre Grenon)
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IBM first-quarter EPS misses Street on weak yen
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