<p>IBM's second quarter earnings were better than expected, but revenue fell short of expectations as systems and technology sales fell 12 percent from a year ago. IBM also cut its 2013 outlook and noted</p><p>Big Blue reported second quarter earnings of $3.2 billion, or $2.91 a share, on revenue of $24.9 billion, down 3 percent from a year ago. Non-GAAP earnings, which exclude charges due to a recent restructuring, were $3.91 a share.</p><p>Wall Street was looking for second quarter earnings of $3.77 a share on revenue of $25.36 billion.</p><p>As for the outlook, IBM said that it doesn't expect a second half earnings pop due to a gain it was expecting. The company projected non-GAAP earnings of $16.90 a share excluding $1 billion in restructuring charges, and $16.25 including them. IBM projected 2013 net earnings of $15.08 a share.</p><p><a href="http://www.zdnet.com/ibm-delivers-mixed-q3-notes-divestment-talks-drag-7000018210/">Keep reading...</a></p>