IBM sees software acquisitions key to profit rise
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IBM  may acquire more  software companies this year following two recent purchases as  it tries to boost software&#39;s share of total IBM profit to 50  percent, according to analysts.
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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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Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.
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IBM's deal with Lenovo may signal a round of industry consolidation, analysts say.
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IBM and the rest of the tech industry might have a better year than most onlookers expected. IBM's third-quarter earnings rose 15% from a year earlier, to &#36;1.17 a share, excluding a one-time &#36;320 million charge to settle a lawsuit over its pension plan. That beat analysts' average estimate by 3 cents a share.
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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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IBM (NYSE: IBM) today announced new software and business consulting services to accelerate the company's global Information on Demand initiative, which is aimed at helping clients better compete and pursue new business opportunities by using information as a strategic asset.
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International Business Machines Corp. (IBM.N) widened its lead last year in the U.S. market for Internet hosting services as it won a greater share of the medium-sized business market, according to data recently published by market research firm IDC.
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The world's leading provider of business software, SAP, said Wednesday it expected sustained growth this year following a 3.0-percent rise in net profit in 2007.
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IBM reported strong fourth-quarter earnings on Monday, beating analysts' expectations. It plans to provide its full earnings report later this week.
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IBM's says 2007 services and software revenues were up, sees emerging markets as a 'virtual gold rush.'
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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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A weaker U.S. dollar should help IBM  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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More large acquisitions may be in the software giant's future.
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IBM  reported  better-than-expected preliminary quarterly results on Monday on  strong performances in Asia, Europe and emerging markets,  driving its shares up 10 percent and spurring a broader tech  rally.
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Key investments are starting to pay off for the enterprise software operator.
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Increase in revenue from new software licenses helped SAP increase Q2 profits, despite stiff competition from Oracle.