IBM Net Profit Rises, Helped by Currency
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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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US stocks rebounded on Monday after IBM surprised traders with better than expected results, boosting confidence at the start of big week for corporate earnings.
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Lenovo Group Ltd., a Chinese technology giant that has agreed to buy IBM's personal computer division, reported Friday a slight rise in net profit in its fiscal third quarter, citing lower revenue despite strong sales of notebook computers.
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The Lenovo Group, the personal computer maker, said its profit rose more than 600 percent in its latest fiscal year as it increased sales and restructured after its acquisition of I.B.M.âs PC unit. Profits were $161 million for the year, up from $22 million in the prior year. The Americas operations returned to profitability in the fourth quarter, meaning that all the global regions were profitable for the first time, the chief executive, William J. Amelio, said. Sales for the year, which ended March 31, rose 9.9 percent, to $14.6 billion, helped by strong sales of laptop and desktop computers in its home China market, Lenovo said. The company said its worldwide market share rose 0.2 percentage points, to 7.4 percent.
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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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Microsoft Corp. MSFT.Oon Thursday  said its quarterly profit climbed as revenue rose 12 percent,  driven by demand for the company's core software products from  businesses and higher sales of personal computers and servers.
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Stocks ended higher on Monday, helped by strong results from IBM  that eased worries about the economy and sparked a rebound after last week's losses.
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Printer maker Lexmark International  said on Tuesday its net profit rose, although revenue fell.
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IBM , the world&#39;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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The company posted fourth-quarter profit of $414.9 million, helped by growth in emerging markets and the weaker dollar.
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International Business Machines Corp. reported a small gain in third-quarter profits Monday, as increasing revenues in almost every area of the business, including emerging markets such as Russia and China, helped offset expenses from a pension lawsuit.
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Computer Sciences Corp. CSC.N, one  of the world's largest technology services companies, on  Tuesday posted higher quarterly profit, driven by strong  European revenue that got a lift from the weak dollar.
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Computer company IBM releases market-beating sales and profit figures, boosted by foreign demand.
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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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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%.
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IBM , the world's largest technology services company, on Wednesday posted a 12 percent jump in quarterly profit and raised its 2007 earnings forecast as revenue surged on software-company acquisitions.
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IBM  on Thursday forecast 2008 earnings ahead of Wall Street expectations, sending its shares up 5 percent.