IBM Q4 results beat predictions
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IBM on Monday said fourth-quarter revenue, aided by exchange rates and sales outside the U.S., stood at $28.9 billion, an increase of 10 percent over the same period in 2006.
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Oracle Corp.'s fiscal fourth-quarter profit topped analyst expectations, providing further validation for a $25 billion shopping spree that has enabled the software maker to narrow rival SAP AG's long-standing lead in the business applications market.
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NEW YORK - IBM Corp. posted quarterly results on Monday showing 9 percent revenue growth from last year and slight earnings growth, despite a $320 million charge it took during the quarter to settle some claims in a lawsuit over its pension plan.
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International Business Machines Corp.  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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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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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 6  percent and spurring a broader tech rally.
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36.01 Teraflops. Yeah, that&#39;ll just about do it. What &quot;it&quot; is, I don&#39;t know, but I&#39;m sure the well dressed geeks at IBM are blue with pride after their BlueGene/L computer surpassed the speed of NEC&#39;s Earth Simulator.
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Computer company IBM releases market-beating sales and profits figures, boosted by foreign demand.
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2008 looking okay too IBM did its best to calm fears of an imploding economy by posting strong fourth quarter results and issuing an optimistic take on the months to come.â¦
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The computer maker's earnings hit estimates, but investors hoped for more.
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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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The chipmaker just meets expectations, while turning in its highest ever fourth-quarter revenue. Stock hit hard in after-hours trading.
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The computer maker's earnings hit estimates but investors hoped for more.
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Mylan releases its fourth-quarter financial results.
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International Business Machines Corp. topped fourth-quarter expectations by a healthy margin, with strong overseas sales and a weak dollar helping to generate a profit of $3.04 billion.
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Beating analysts&#39; expectations and citing strong performance worldwide, SAP released preliminary fourth-quarter financial results on Monday, showing revenue will be about &#8364;3.25 billion ($4.8 billion), a rise of 10 percent compared to the same period last year.Fourth-quarter software and software-related services revenue will be about &#8364;2.48 billion, an increase of about 13 percent year-over-year, according to SAP.Total revenue for 2007 is expected to grow roughly 9 percent to &#8364;10.26 billion. Full-year 2007 software and software-related service revenue is expected to be about &#8364;7.44 billion, a jump of around 13 percent over 2006.Analysts polled by Thomson First Call had predicted on average that total fourth-quarter revenue would come in at $4.7 billion.Exchange rates took a toll on SAP&#39;s results, for as the dollar weakens against the euro, SAP&#39;s U.S. sales are worth less. At constant currency rates, fourth-quarter software and software-related services revenue growth will be about 17 percent year-over-year and total revenue growth will be 13 percent compared to 2006, SAP said.SAP&#39;s results were driven by performance across all regions, but the company showed particular strength in the Asia-Pacific-Japan market, it said. Fourth-quarter software and software-related service revenue rose about 27 percent there to &#8364;.30 billion and is expected to stand at about &#8364;.96 billion for the year, a rise of about 19 percent.SAP estimated fourth-quarter software and software-related service revenue in the EMEA region will be about &#8364;1.40 billion, a jump of roughly 13 percent and &#8364;3.98 billion for the year, which is also about a 13 percent rise.Growth was slower in the Americas, where software and software-related service revenue rose 7 percent in the fourth quarter to &#8364;.78 billion and is expected to be roughly &#8364;2.5 billion for the year overall, a year-to-year increase of 9 percent, according to SAP.However, SAP expects its operating margin to fall slightly for 2007, to 26.5 percent, compared to 27.3 percent in 2006. It attributed the decline to investments made in its Business ByDesign ERP suite targeted at the mid-market.SAP plans to provide more details on its 2007 earnings on Jan. 30.
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Earnings season is in full swing, and results this week from bellwethers like Google, Intel, and Nokia are fueling hopes for a strong fourth quarter while confirming the investor confidence that has led to a rebound in share prices of technology vendors.All eyes were on&#160;Google, which Thursday reported another stellar quarter. For the third quarter, net income was $1.07 billion compared with $733.4 million a year ago. Revenue leaped 57 percent to $4.23 billion. The company has made some investors nervous by expanding rapidly and spending a lot of money on acquisitions to fuel growth in new areas. However, its core search business manages to ward off the competition. Google shares jumped $6.14 to $639.62 right after its announcement.Google archrival&#160;Yahoo reported a 4.6 percent decline in third-quarter profit&#160;compared to a year ago Tuesday, but revenue climbed 12 percent to $1.76 billion. Company executives said they were weeding out poorly performing services and enhancing efforts in promising areas&#160;like ad-supported music services and e-mail offerings to small businesses. The company is also expanding efforts to support third-party developers with open APIs.Even though Yahoo has been blasted for its failure to steal search ad revenue from Google, investors and analysts appear to like its strategy. Citigroup maintained a &quot;buy&quot; rating on the company while RBC maintained an &quot;outperform&quot; rating. Yahoo shares jumped $2.13 to close at $28.82 the day after the report.The market might be tougher on Internet retailers. eBay reported Wednesday that revenue climbed 30 percent but that it suffered a loss because of a $1.39 billion charge for&#160;its acquisition of Internet phone pioneer Skype. Although the company raised its 2007 revenue target, investors apparently did not like the charge for Skype, which failed to make revenue goals. Shares of eBay lost $2.50 to close at $38.10 Thursday.In one of the most-anticipated results of the week,&#160;Intel got the earnings season off to a good start Tuesday, reporting revenue of $10.1 billion, a 15 percent increase year-over-year, while achieving net income of $1.9 billion, a whopping 43 percent increase. The price competition in the market is tough, but a jump in sales and a restructuring effort appears to be paying off. Intel jumped $1.24 to close at $26.72 the day after the report.AMD did not handle the price competition so well, however. Though it registered a 23 percent rise in sales, it posted another loss. Thursday,&#160;AMD reported that its net loss was $396 million, compared with a profit of $136 million in 2006.Reaction to IBM results were mixed Tuesday, when&#160;it reported profit of $2.36 billion, compared to $2.22 billion a year ago. Revenue was $24.1 billion, a 7 percent increase from last year. Though the numbers were better than expected, a disappointing 10 percent slip in hardware sales worried investors, who pushed down IBM shares Tuesday by $3.82 to close at $115.78.Nokia managed to offset declining prices of handsets with a jump in sales. Thursday it said that for the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, while sales rose 28 percent. Nokia shares closed Thursday at $37.64, up by $1.11.Concerns about the U.S. economy -- because of a declining housing market and an increase in mortgage defaults -- caused shares to tumble in July and August. But judging from results this week, IT vendors were not hard hit during the quarter and investors are likely to have high expectations for the rest of the year.