International Business Machines (IBM) Q2 2014 Results – Earnings Call Transcript

As we look to the full year of 2014, we expect to deliver at least $18 of operating earnings per share. And we still expect to deliver at least $20 of operating earnings per share in 2015. These are points along the way to delivering performance and shareholder value over the long term.

Now, Patricia and I will take your questions.

Patricia Murphy – Vice President, Investor Relations

Before we begin the Q&A, I’d like to mention a couple of items. First, we have supplemental charts at the end of the slide deck that provide additional information. And second, as always I’d ask you to refrain from multi-part questions. Christine, please open it up for questions.

Question-and-Answer Session

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