Excluding the effects of the dividend, income rose by 0.6%.
Excluding the effects of the medicine, the patient is as sick as ever!
Excluding the effects of foreign currency exchange, the company's overall sales rose 10percentt in the quarter.
The company said revenue for the first five months of 2002 fell 8percentt, excluding the effects of acquisitions and currency fluctuations.
This meant public sector net borrowing excluding the effects of banking bailouts came in at £8.6bn in October, compared with £5.9bn a year ago.
Excluding the effects of exchange rates, acquisitions and assets sold, sales rose 0.5percentt in the second quarter, less than analysts had forecast.
Revenue rose 4percentto to $1.56 billion, from $1.51 billion, but excluding the effects of foreign exchange swings revenues would have risen 1percentt.
With homes changing hands easily in a booming market, interstate migration reached 2.2 million people in 2006, excluding the effects of Hurricane Katrina.
Excluding the effects of the acquisition and the currency swing, I.B.M. may well have experienced a decline in revenue instead of an 11percentt increase, analysts say.
Comparable-store sales, excluding the effects of currency fluctuation, fell 7 percent in the fourth quarter, the company said.
The chief financial officer, Raymund Breu, told reporters that the company, with headquarters in Basel, is on its way to posting double-digit annual sales growth over the next five years, excluding the effects of shifting exchange rates.
