"IBM on Thursday reported its sixth consecutive quarterly rise in profit, as its long-term contracts largely shielded it from the shortfalls that hit other technology companies," reports Reuters.
"The world's largest computer company said second-quarter net income rose to $2.0 billion, or $1.16 a share, from $1.7 billion, or 97 cents a share, a year earlier, including items. Revenue rose to $23.2 billion from $21.6 billion a year earlier."
