Our cash position remains strong. After investing in our business and returning nearly 3 billion to investors, we ended the quarter with a cash balance of more than 12 billion, significantly above a year ago.
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With the z900 and Shark,' we've raised the bar in enterprise systems for e-business,Samuel Palmisano
IBM (NYSEIBM) remains a favorite with several All Stars. In mid-July, the company reported second quarter earnings per share of 1.12, which topped the consensus by almost 8. Total revenue of 22.3 billion was down 4 from the prior year, but up 6 without the impact of the divested PC business. IBM returned to form in this quarter, ... In particular, strategic, high-growth businesses -- in Business Performance Transformation Services, software and in key industry sectors and emerging markets -- were among our best-performing operations, achieving double-digit revenue growth.
Samuel Palmisano
Let me suggest a simple and straightforward description of global integration. It is doing the right work, in the right places, at the right cost.
Samuel Palmisano
We had solid performance in systems, middleware and business transformation services, which grew over 25 percent for the year. Our cash position remains very strong, and we saw impressive growth in important parts of our business. We continued to make gains in emerging markets and in important sectors such as healthcare and transportation, and our microprocessors are powering the fast-growing home entertainment market.
Samuel Palmisano
Our consulting and services professionals will provide a powerful capability, beginning with business innovation and extending through implementation, to help clients improve their competitiveness and drive sustained growth and profitability. Together with the world-class innovations of IBM Research and our business partner offerings, this new business unit will deliver comprehensive end-to-end business and technology solutions.
Samuel Palmisano
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