IBM has disappointed, for the 2013 Second-Quarter Results.

Beyond the great expectations and good news in Growth markets; Business analytics; Smarter Planet and Cloud, IBM overall has disappointed.

In fact Connectikpeople has observed that, the second-quarter 2013 diluted earnings of $2.91 per share, compared with diluted earnings
of $3.34 per share in the second quarter of 2012, we have a decrease of 13 percent.
Operating (non-GAAP) diluted earnings were $3.22 per share, including workforce rebalancing charges, compared with operating diluted earnings of $3.51 per share in the second quarter of 2012, we have a decrease of 8 percent.
However, Operating (non-GAAP) diluted earnings per share were $3.91, an increase of 8 percent, excluding the impact of workforce rebalancing charges.
Second-quarter net income was $3.2 billion compared with $3.9 billion in the second quarter of 2012, we have a decrease of 17 percent.
Operating (non-GAAP) net income was $3.6 billion, including workforce rebalancing charges, compared with $4.1 billion in the second quarter of 2012, a decrease of 12 percent.
Operating (non-GAAP) net income, excluding the impact of workforce rebalancing, was $4.3 billion, an increase of 3 percent.
Total revenues for the second quarter of 2013 of $24.9 billion were down 3 percent (down 1 percent, adjusting for currency) from the second quarter of 2012.
 “Going forward, we will continue investing in our strategic growth initiatives, acquiring and divesting capabilities, re-balancing skills and taking action in the areas that are not performing. We expect continued improvement through the second half of the year and remain confident that we will achieve our increased 2013 operating EPS expectation of at least $16.90, excluding the $1 billion workforce rebalancing charge in the second quarter.” said Ginni Rometty, IBM chairman, president and chief executive officer.