Feeds

IBM earned $3bn in Q4

Analysts show restraint

  • alert
  • submit to reddit

The essential guide to IT transformation

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

Next gen security for virtualised datacentres

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
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
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.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.