IBM Reports 2007 Second-Quarter Results

I don't see anything about DB2 revenues in the statement. I'm guess that's included in the software numbers:

• Total revenues of $23.8 billion, up 9 percent as reported;
• Global Services revenues up 10 percent, Software revenues up 13 percent;
• Diluted earnings of $1.55 per share, including a gain from sale of Printing Systems; earnings per share were $1.50, up 15 percent without the gain;
• Gross profit margin increased year to year for the 12th consecutive quarter.

IBM today announced second-quarter 2007 diluted earnings of $1.55 per share from continuing operations, including 5 cents per share for a pre-tax gain of $81 million relating to the sale of the Printing Systems Division (PSD), an increase of 19 percent as reported, compared with diluted earnings of $1.30 per share in the second quarter of 2006. Diluted earnings for the second-quarter 2007 were $1.50 per share, excluding this gain, an increase of 15 percent year over year.

Revenues from the Software segment were $4.8 billion, an increase of 13 percent (9 percent, adjusting for currency) compared with the second quarter of 2006. Revenues from IBM's middleware products, which primarily include WebSphere, Information Management, Tivoli, Lotus and Rational products, were $3.7 billion, up 16 percent versus the second quarter of 2006. Operating systems revenues of $568 million increased 2 percent compared with the prior-year quarter.

I would have liked to see the numbers broken out a little more. LewisC