Boston, MA 07/03/2013 (wallstreetpr) – While operating in sections like Global Technology and Business Services which constitutes 60% of revenues , software as well as systems and technology , and global financing , International Business Machines Corporation (NASDAQ: IBM), known famously as Big Blue holds $213.56 market capital. This year it made certainly impressive acquisitions like in February 2013, it acquired StoredIQ. In March 19, 2013, they bought Star Analytics Inc. as well as acquired UrbanCode Inc. in April 2013.The Company started a new division office in Ludhiana, India.
International Business Machines Corp. (NYSE:IBM) isn’t programmed to report fiscal results of its 2nd quarter, 2013 until mid-July, still with Accenture Plc (NASDAQ:ACN) indicating a dip during Thursday, and about 2 weeks ago, Oracle’s (NASDAQ:ORCL) partial feeble quarter, the worries over IBM’s quarter has begun to become actual. Accenture’s consulting portfolio and Oracle’s software background are both supposed to be primary indicators for IBM’s business, as both report their quarters about almost a month earlier to IBM. What matters is, Oracle’s new license as well as cloud-subscription increased just 1% on a stable currency assumption. Point is, from a industry perspective, there was little to boast about in Oracle’s quarter. Out of IBM’s revenue 24-25% constitutes of software department, with the growth-rate which has slowed from 12-13% (2 years ago) to single-digits to minor negative in the last year. As far as Accenture’s report is concerned, ACN is reported to miss $200 million revenue-estimate and reported plane revenue-growth in the consulting area trade .It has guided lower for the consulting as well as outsourcing area of business for the August-quarter hence, on Friday led the stock down sharply .As reporting their first quarter of 2013 in mid-April, IBM’s revenue-estimate of second quarter has fell down somewhat from $25.42 billion to the present revenue-estimate of $25.39 billion. IBM’s consensus EPS approximation for second quarter has stated stable at $3.78 over the period of past 3 months.