AIX: How to get CPU / processor socket and core count for IBM Power server

Here is the command for AIX which shows you the count of processor cards (sockets) installed in your Power server including information about count of cores per one socket. The terminology processor in IBM Power server and AIX world describes core in relation to HW.

Command:
lscfg -vp|grep WAY

Example:
lscfg -vp|grep WAY
      6-WAY  PROC CUOD:
      6-WAY  PROC CUOD: 

Expample shows you that system has two sockets and each has 6 cores, so system has 12 cores.