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.The figure, which topped predictions of $27.82 billion by analysts polled by Thomson First Call, was helped by the ongoing weakness in the dollar, IBM said.Samuel J. Palmisano, IBM&#39;s chairman, president and chief executive officer, said in a statement that the results were also helped by strong sales in Asia, Europe, and emerging markets.IBM said it earned $2.80 per share in the quarter, handily beating the analysts&#39; forecast of $2.60 per share. The results represent a 24 percent increase over the same period in 2006, when IBM earned $2.26 per share.Total revenue for 2007 was $98.6 billion, an 8 increase from 2006. Overall earnings for 2007 were $7.18 per share, a rise of 18 percent over 2006, according to IBM.The company also said it had more than $16 billion in cash on hand at the end of 2007.Shares of IBM shot up nearly 8 percent on the news in premarket trading Monday, to $105.36.IBM plans to provide a full earnings report during a webcast on Thursday.
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A weaker U.S. dollar should help  IBM IBM.N exceed Wall Street forecasts when the company  reports year-end results next Tuesday, boosting profits from  overseas sales for the world's largest computer maker.
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US computer giant IBM reports better than expected profits thanks to strong sales and the beneficial impact of the weak dollar.
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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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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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For the quarter, EMC, the worldâs No. 1 maker of corporate data storage equipment, beat analystsâ estimates.
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IBM (NYSE: IBM) today announced that based on a new IDC report (1), the company achieved double-digit year-over-year revenue growth in the storage software market in Q1 2007, growing faster than H-P or Symantec.
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Strong fourth-quarter sends net income to its highest level ever--and the outlook's good, Big Blue says.
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Investor's Business Daily - IBM exceeded analysts&#39; second-quarter earnings forecasts Wednesday on strong software sales, driving up its stock price 3% in after-hours trading.
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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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The Motley Fool - I've made no secret of my admiration for IBM (NYSE: IBM - News). Recently, I picked it as the best blue chip of 2007, and as I stated in that article, the company's strength begins with its impressive research and development program.
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Plus: IBM targets well above expectations...AMD has wider loss due to charge on ATI purchase...Sony Ericsson exceeds expectations...Intel remains optimistic.
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Software maker Computer  Associates International Ltd. , on Wednesday posted better-than-expected quarterly results and said full-year earnings will exceed Wall Street estimates, aided by cost-cutting.
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The desktop publishing software maker said its fiscal fourth-quarter profit and sales rose to beat Wall Streetâs expectations, fueled by strong sales of Creative Suite 3 and Acrobat.
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Computer company IBM releases market-beating sales and profit figures, boosted by foreign demand.
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BusinessWeek Online - On the surface, IBM seems to be cruising. Its stock is trading near a six-year high, at almost $106, and its overall financial performance has been improving steadily for more than a year. On May 29, the company raised this year&#39;s per-share earnings forecast after stepping up a stock repurchase plan.
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Investor's Business Daily - 1 Halting a recent tech slide, Big Blue preannounced that profit rose 24% to $2.80 a share ex items, 20 cents above views. A weak dollar helped lift IBM's revenue   10% to $28.9 bil. But IBM was mum on U.S. results. Meanwhile, German software giant SAP   said Q4 sales rose 10%, beating views. IBM shares rose 5% and SAP 4%.