IBM preliminary profit beats estimates, shares jump
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IBM  reported a better- than-expected 24 percent rise in preliminary quarterly earnings on Monday on strong sales in overseas markets, driving its shares up 5 percent and spurring a broader tech rally.
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IBM , the world's largest technology services company, on Wednesday posted a higher quarterly profit as revenue rose 9 percent, helped by software-company acquisitions and growth in computer services.
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InfoWorld - IBM provided more details of its robust fourth-quarter and 2007 financial performance on Thursday following an early preview of the figures on Monday.
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IBM provided more details of its robust fourth-quarter and 2007 financial performance on Thursday following an early preview of the figures on Monday.
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Second-quarter earnings at International Business Machines Corp. rose 12 percent and beat Wall Street forecasts Wednesday, largely on the strength of IBM's software division and improvement in its services unit.
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International Business Machines  Corp. IBM.N on Tuesday posted a quarterly net profit that  beat Wall Street's recently raised target as solid year-end  product sales were buoyed by a weaker U.S. dollar.
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US stocks rebounded on Monday after IBM surprised the market with some better than expected preliminary quarterly earnings but retailers remained under pressure after a profit warning at Sears.
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Stocks rebounded on Monday from last week's losses after IBM  reported higher-than-expected preliminary quarterly earnings, spurring a broad rally in technology shares.
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IBM, a barometer of trends in the computing business, delivered a solid quarterly performance on Monday that pointed to modest if uneven improvement in the corporate technology sector.
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Lenovo Group Ltd., the world's No. 4 personal computer maker, said Wednesday its profits grew nearly sevenfold in its latest fiscal year as it boosted sales and restructured following its acquisition of IBM Corp.'s PC unit.
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IBM announced strong second-quarter results today, with good news for both its Americas and services businesses, which previously had underperformed.
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Computer company IBM releases market-beating sales and profit figures, boosted by foreign demand.
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International Business Machines Corp.  IBM.N on Monday posted a flat quarterly net profit, weighed  down by a legal settlement, but the world's largest computer  company sounded a confident outlook and its shares rose 2.3  percent after-hours.
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Microsoft Corp. MSFT.O, the world's  largest software maker, on Thursday said its first quarter  profit climbed as personal computer sales and business demand  fueled higher sales.
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Stocks rebounded on Monday from last week's losses after tech bellwether IBM  posted upbeat preliminary quarterly results, spurring a broad rally in technology shares.
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Oracle Corp. , the world's third-largest software maker, reported profit that beat Wall Street expectations on Tuesday and gave a positive growth outlook for the current quarter that nudged its shares higher.
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IBM  on Thursday forecast 2008 earnings well ahead of Wall Street expectations as strong growth abroad made up for weaker results in the United States, sending its shares up 5 percent.