SOURCE: The Bedford Report

The Bedford Report

October 19, 2010 12:25 ET

Profits Spike in Diversified Computing Industry as Corporate Spending Picks Up

The Bedford Report Provides Analyst Research on IBM & Scientific Games Corporation

NEW YORK, NY--(Marketwire - October 19, 2010) -  This year a large majority of Diversified Computer Systems companies have been reporting dramatic increases in demand for their products. Standard & Poor's has cited an IT infrastructure upgrade cycle as one of its key drivers as companies upgrade their computers as well as the operating system to Microsoft Windows 7 from prior versions. Companies stopped IT investments in 2009 and the pent-up demand is paying off nicely. The Bedford Report examines the outlook for companies in the Diversified Computer Systems Industry and provides research reports on International Business Machines Corporation (NYSE: IBM) and Scientific Games Corporation (NASDAQ: SGMS). Access to the full company reports can be found at:

When IBM announced earnings yesterday after the closing bell, the tech giant echoed S&P's prediction. IBM said third-quarter profit rose to $3.6 billion, or $2.82 a share, from $3.2 billion, or $2.40 a share, in the same period last year. IBM's CEO, Samuel J. Palmisano raised the company's earnings forecast for the year to "at least $11.40" a share. Palmisano also noted that the company achieved growth and improved profit margins in its hardware, software and services businesses. According to a recent report in The New York Times, Spending on information technology -- hardware, software and services -- represents more than half of all private sector capital spending.

The Bedford Report releases regular market updates on the Diversified Computer Systems Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

Analyst research firm Gartner Inc. is not quite as bullish on IT spending, claiming it will be "timid and at times lacklustre" over the next five years. Businesses are on track to spend $2.4 trillion on technology this year, a 2.4 percent increase, and Gartner said it expects corporate IT spending worldwide to increase 3.1 percent in 2011 to $2.5 trillion.

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