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Palmisano said the economy was showing positive signs although there were still some challenges.
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The company also reiterated its forecast for EPS of “at least $11.20” for 2010.
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IBM’s 2015 outlook was an update to its long-term road map given in 2007, in which it targeted EPS of around $10-11 by 2010. The Armonk, New York-based company had earlier bid for computer server maker Sun Microsystems, but talks fell apart and Sun finally ended up in the hands of Oracle Corp ORCL.O. He said that despite the higher spending, IBM would remain disciplined and “very shareholder-friendly.” IBM’s recent acquisitions have been relatively small and focused on niche technologies rather than game-changing deals, and Palmisano’s comments suggested that may continue to be the case.
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