• Votes for this article no votes for this yet
  • Dashboard Insight Newsletter Sign Up

IBM Q4 Revenue Down But Net Income Increases

Tuesday, January 27, 2009
IBM has reported a 12% increase in net income to $4.42 billion for the fourth quarter 2008, compared to $3.95 billion in the year-ago quarter, on revenue down 6% at $27 billion.

IBM chairman, president, and chief executive, Sam Palmisano, said: "In 2008 IBM performed well in an extremely difficult economic environment. Clearly our strategic transformation, migrating to the more profitable segments of the industry, investing in growth regions of the world, and driving productivity through global integration is continuing to pay dividends. We are confident about 2009, based on our 2008 performance, we are ahead of pace on our roadmap for $10 to $11 per share."

View full story here
Tweet article    Stumble article    Digg article    Buzz article    Delicious bookmark      Dashboard Insight RSS Feed
Other articles by this author


No comments have been posted yet.

Site Map | Contribute | Privacy Policy | Contact Us | Dashboard Insight © 2018