International Business Machines (IBM)

International Business Machines (IBM)

Postby millionairemind » Wed Jan 21, 2009 7:10 am

IBM profit beats Wall Street projections

Jan 20, 2009

BOSTON (Reuters) - IBM, the world's top technology services company, beat Wall Street estimates of its quarterly earnings, helped by rigid cost controls and a lower tax rate, and forecast a higher-than-expected 3 percent rise in 2009 earnings per share.

International Business Machines Corp's shares climbed 4 percent to $85.40 in after-hours trade from a regular close of $81.98.

The world's biggest manufacturer of mainframe computers and No. 2 software maker forecast on Tuesday 2009 earnings per share of least $9.20 versus a consensus of $8.77, according to Reuters Estimates.

The Armonk, New York company also said net income rose 12 percent to $4.43 billion, or $3.28 per share, in the fourth quarter ended December 31, from $3.95 billion, or $2.80 per share, a year earlier. That easily beat the average analyst forecast of $3.03.

Revenue fell 6.4 percent to $27.0 billion.

"IBM has enjoyed certain attributes that other tech stocks don't enjoy. They have recurring revenue streams that also translate into profitability," said Keith Wirtz, chief investment officer for Fifth Third Asset Management.

"That's great for IBM and that's one of the reasons why, in today's uncertain environment, IBM's a very attractive name to hold."

IBM shares rose $3.27 to $85.25 in extended trading. They had closed down 3.5 percent on the New York Stock Exchange.

Source: Reuters
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Re: IBM (IBM)

Postby kennynah » Fri Jul 17, 2009 4:42 am

champion lah this company

********************

IBM Q2 Profit Rises; Lifts FY09 EPS View - Quick Facts
7/16/2009 4:18 PM ET

(RTTNews) - Thursday, International Business Machines Corp. (IBM: News ) reported second-quarter net income of $3.1 billion or $2.32 per share, compared to $2.8 billion or $1.97 per share in the same quarter last year.

On average, 21 analysts polled by Thomson Reuters expected the company to earn $2.02 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter declined 13% to $23.3 billion from $26.82 billion in the comparable quarter last year. Analysts expected the company to report revenue of $23.59 billion for the quarter.

Looking ahead to the full-year 2009, the company raised its earnings guidance and now expects net income of at least $9.70 per share, compared to the previous guidance of $9.20 per share. Analysts currently anticipate the company to earn $9.15 per share for the full year.
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Re: IBM (IBM)

Postby winston » Sat Jul 18, 2009 7:50 am

Revenues down 13%. Not too bad. Similar magnitude with GE.
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Re: IBM (IBM)

Postby kennynah » Tue Apr 20, 2010 4:18 am

IBM Q1 Profit Rises; Lifts FY10 Earnings Outlook - Quick Facts
4/19/2010 4:16 PM ET

by RTT Staff Writer

(RTTNews) - International Business Machines Corp. (IBM: News ) reported net income of $2.6 billion or $1.97 per share for the first quarter, compared to $2.3 billion or $1.70 per share in the prior year quarter.

Total revenues for the first quarter increased 5% to $22.9 billion from $21.7 billion in the year-ago quarter. Revenues were flat, adjusting for currency.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.93 per share on revenue of $22.75 billion for the quarter. Analysts' estimates typically exclude special items.

For the full-year 2010, the company now expects earnings of at least $11.20 per share, compared to prior estimate of at least $11.00 per share. Street expects earnings of $11.12 per share for the year.

The company also said it expects constant-currency revenue growth for IBM and for its total services, software and hardware businesses in the second quarter.
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Re: IBM (IBM)

Postby kennynah » Mon May 24, 2010 9:04 pm

IBM buys Sterling Commerce (which I thought was all but dead since the dot com blowup) for billions from AT&T
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Re: IBM (IBM)

Postby iam802 » Tue May 25, 2010 12:30 am

someone got his golden parachute :)

it's an alumni thing.
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Re: IBM (IBM)

Postby winston » Tue Jul 20, 2010 7:16 am

IBM quarterly net profit up nine percent

IBM said Monday its net profit rose nine percent in the second quarter but the US computer giant's revenue fell short of the expectations of Wall Street analysts.

IBM posted a second-quarter net profit of 3.4 billion dollars, or 2.61 dollars per share, compared to 3.1 billion dollars, or 2.32 dollars per share, in the same quarter a year ago.

Revenue increased two percent to 23.7 billion dollars, less than the 24.2 billion dollars analysts forecast.

IBM said currency fluctuations reduced revenue by some 500 million dollars in the second quarter.

The company raised its full year outlook for earnings per share to "at least 11.25 dollars" from 11.20 dollars.

"We are confident of our ability in the second half of the year to continue our strong business performance, grow profit and drive shareholder returns," IBM chairman, president and chief executive Samuel Palmisano said.

IBM said revenue from its Americas operations increased by three percent to 10.2 billion dollars in the quarter while revenue dropped six percent in Europe, the Middle East and Africa to 7.4 billion dollars.

Asia-Pacific revenue increased nine percent to 5.4 billion dollars.

IBM shares shed 3.81 percent in after-hours electronic trading to 124.83 dollars after gaining 1.37 percent during the day's trading.

Source: AFP Global Edition
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Re: IBM (IBM)

Postby iam802 » Thu Jun 16, 2011 9:03 pm

IBM is 100 years old today.
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Re: IBM (IBM)

Postby kennynah » Thu Jun 16, 2011 11:09 pm

so..i often wonder...

IBM could stand for
I can Be Me

or

I can Be Made use of 8-)
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Re: Intl Business Machines (IBM)

Postby winston » Tue Jul 19, 2011 7:59 pm

Not vested

International Business Machines Corp <IBM.N> said late Monday that new business at its services division surged more than expected in the second quarter, raising hopes 2011 would be a good year for the technology sector.

Shares of the Dow component gained 1.7 percent to $178.20 in premarket trading.

Source: Reuters
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