Feeds

IBM earned $3bn in Q4

Analysts show restraint

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

IBM has posted its best ever fourth quarter results, reporting profits of $3bn for the period. The company said revenues had risen seven per cent on the same period last year to $27.7bn, boosted slightly by the weak dollar.

The company also announced total revenue for 2004 of $96.5bn, and said that 2005 would see that figure rise to $102bn.

Mark Loughridge, Big Blue's CFO, said that the market trend streamlining supplier bases had seen many corporations looking for one company to provide hardware, software and support packages. This, he said, has boosted IBM's performance.

Analysts had no trouble containing their praise, describing it as a "fairly matter-of-fact quarter" for the company. An analyst for Sanford C Bernstein & Co. told The New York Times: "It kind of speaks to IBM's strength and size."

Meanwhile, Goldman Sachs put a "buy" rating on IBM's stock, saying that the company had got a lot of things right in 2004. Selling off its loss-making PC division is almost certainly one of them. All told, IBM is handing Lenovo a business with nearly $1bn in losses in recent years.

Shares rose slightly on the news, gaining 80 cents for the day to close at $94.90 per share.

The full earnings release can be found here. ®

Related stories

Pricier-than-planned job cuts hit Freescale earnings
Vendors target IBM ThinkPad market share
IBM shunts NTL tech support jobs to India
Lifting the lid on IBM's Cell chip
IBM pledges 500 patents to OS developers
IBM exports Liverpool jobs to India
IBM hands Lenovo billion-dollar PC loser
Dell to build second factory in Europe

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.