IBM profits are up even as recession sapped its sales

IBM have recently revealed details regarding their profits over the third quarter, and despite the recession impacting sales they are still reporting a profit.

Since the 90′s IBM have looked at different ways to adapt their company, originally they were a hardware company, however they have adapted in many markets to avoid collapse.

During the third quarter of 2009 IBM reported a 7 percent drop in revenue, however despite this drop in revenue they reported that profit had jumped 14 percent, this resulted in a raise in forecast for the second time this year.

To find out more regarding IBM’s Q3 check out gather.com. What do you think IBM have done to stay profitable?