EXHIBIT 99
INTERNATIONAL BUSINESS MACHINES CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATED STATEMENT OF OPERATIONS(1)
SUPPLEMENTAL SCHEDULED (UNAUDITED)
(Dollars in millions) Three Months Ended Six Months Ended
June 30 June 30
___________________ ____________________
1995 1994 1995 1994
Revenue: _______ _______ _______ _______
Hardware sales $ 8,659 $ 7,695 $16,386 $13,963
Software 3,072 2,726 5,945 5,309
Services 3,041 2,293 5,486 4,128
Maintenance 1,877 1,796 3,698 3,564
Rentals and financing 882 841 1,751 1,760
_______ _______ _______ ________
Total revenue 17,531 15,351 33,266 28,724
Cost:
Hardware sales 5,190 5,137 9,985 9,517
Software 1,066 1,021 2,071 1,985
Services 2,386 1,844 4,360 3,400
Maintenance 868 904 1,768 1,775
Rentals and financing 390 341 787 707
_______ _______ _______ ________
Total Cost 9,900 9,247 18,971 17,384
_______ _______ _______ ________
Gross profit 7,631 6,104 14,295 11,340
Operating expenses:
Selling, general and
administrative 3,883 3,935 7,516 7,466
Research, development and
engineering 974 1,091 1,887 2,192
_______ _______ _______ ________
Total operating expenses 4,857 5,026 9,403 9,658
Operating income 2,774 1,078 4,892 1,682
Other Income, principally interest 238 479 484 887
Interest expense 188 364 368 777
_______ _______ _______ ________
Earnings before income taxes 2,824 1,193 5,008 1,792
Income tax provision 1,108 504 2,003 768
_______ _______ _______ ________
Net earnings 1,716 689 3,005 1,024
Preferred stock dividends and
transaction costs 5 21 52 42
_______ _______ _______ ________
Net earnings applicable to
common shareholders $ 1,711 $ 668 $ 2,953 $ 982
======= ======= ======= =======
Net earning per share of
common stock $ 2.97 $ 1.14 $ 5.09 $ 1.68
Average number of common
shares outstanding (millions) 575.4 584.0 580.3 583.1
(1) Supplemental information provided for comparative purposes.
1994 excludes effects of the sale of FSC and writedown of software.
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