1/20/10

IBM fourth-quarter earnings grow 9%


News:

According to foreign media reports, IBM today announced its fiscal year fourth quarter and full year financial reports in 2009. Accordingly, showed a profit, as cost-cutting measures and the company gets more profit the company a contract to help them resist the decline in consumer spending, IBM last year's fourth quarter of profitability.

In the 2009 fiscal fourth quarter, IBM net profit of 4.8 billion U.S. dollars, while over the same period the previous year, compared with 4.4 billion U.S. dollars, up 9%; profit of 3.59 U.S. dollars per share diluted, up 10% over the same period the previous year, while a 3.27 U.S. dollars, but also exceeded analyst expectations of 3.47 U.S. dollars on Wall Street.

In the 2009 fiscal fourth quarter, IBM total revenue of 27.2 billion U.S. dollars, an increase of 1%, but also exceeded Wall Street analysts expected 270 billion dollars.

In the 2009 fiscal fourth quarter, IBM gross margin of 48.3%.

2009 full fiscal year, IBM net profit of 13.4 billion U.S. dollars in 2008 compared with 12.3 billion U.S. dollars, up 9%; profit of 10.01 U.S. dollars per share diluted, compared with the previous year's 8.89 U.S. dollars rose by 13%.

2009 full fiscal year, IBM total revenue of 958 billion dollars, 103.6 billion U.S. dollars last year, down 5%.

2009 full fiscal year, IBM gross margin was 45.7%, the sixth consecutive rise.

At the same time, IBM also expects its full-year diluted profit per share which will be at least 11 U.S. dollars, while the company's previous forecast was between 10-11 U.S. dollars.

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