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IBM Beats Top Line And Earnings Expectations, Revenue Of $29 Billion ($28.28 Bn Exp) and EPS of $4.18 (vs $4.08)

Tyler Durden's picture





 
  • Q4 revenue USD 29.02bln vs. Exp. USD 28.28bln
  • Q4 gross profit USD 14.2bln
  • Q4 net USD 5.26bln vs. Exp. USD 5.14bln
  • Q4 software revenue USD 7.04bln
  • Q4 global technology services revenue USD 10.2bln
  • Q4 systems and technology revenue USD 6.28bln
  • Q4 gross margin 49.0% vs. Exp. 48.8%
  • Q4 global business services revenue USD 4.76bln
  • Q4 signed services USD 22.1bln, up 18%
  • Sees FY 2011 operating EPS at least USD 13 vs. Exp. USD 12.58
  • Has new target operating EPS of at least USD 20 in 2015
 


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Tue, 01/18/2011 - 17:16 | Link to Comment Racer
Racer's picture

How much of this was due to currency fluctuations?

Tue, 01/18/2011 - 17:17 | Link to Comment razorthin
razorthin's picture

much, much too late to buy on that news, harry.  Sorry Racer.  where'd harry go?

Tue, 01/18/2011 - 17:26 | Link to Comment Racer
Racer's picture

Buy? Me, no, not buying anything, doing nothing apart from watching this farce of a 'market'

It's like the dot com madness, you know it's mad but you don't know when the drop will be and you will be burnt if you try to short too soon.

Tue, 01/18/2011 - 18:20 | Link to Comment razorthin
razorthin's picture

Not you, Racer.  I though I was responding to wanker's bombastic pontification, when suddenly his comment disappeared - sorry.  Incidentally, this suggests that he is a ZH insider (or inciter), since I don't think the typical visitor can delete a comment.  It happened very quickly too.

Tue, 01/18/2011 - 17:43 | Link to Comment Eally Ucked
Eally Ucked's picture

Who the fuck cares?

Wed, 01/19/2011 - 06:20 | Link to Comment AuShoot
AuShoot's picture

"How much of this was due to currency fluctuations?"

Fourth-Quarter 2010:

  • Free cash flow of $8.7 billion, up $1.5 billion.

http://www-03.ibm.com/press/us/en/pressrelease/33414.wss

I got out a couple days ago, too soon apparently.  One of the few stocks I've owned since 2008.

Tue, 01/18/2011 - 17:16 | Link to Comment RobotTrader
RobotTrader's picture

Stock is still waffling around, wait until it calms down.

Tue, 01/18/2011 - 20:51 | Link to Comment Cdad
Cdad's picture

Nope...sorry Robo...on that response to that qtr....she's a short. 

OK...let the selling begin.  Let it be robust...and shockingly so.  Pull the plug on the king of the ponzi stocks. 

ROBO..cue the chart of hopium overlaying bulltardedness.......across a 12 month period.

Tue, 01/18/2011 - 17:17 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Yeah, but IBM is no APPL

/sarcasm

Tue, 01/18/2011 - 17:29 | Link to Comment Turd Ferguson
Tue, 01/18/2011 - 21:11 | Link to Comment Hephasteus
Hephasteus's picture

LOL They really think it's going to work again. They need a crash so bad and they can't get us into the slaughter house. LOL

Tue, 01/18/2011 - 17:19 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

The economy is recovering (albeit no Jobs)

Pun intended

Tue, 01/18/2011 - 17:19 | Link to Comment g3h
g3h's picture

$4.18 is the whisper number.  Why should it go up $4 AH?  Light volume.

Tue, 01/18/2011 - 17:20 | Link to Comment SheepDog-One
SheepDog-One's picture

Priced-in x infinity.

Tue, 01/18/2011 - 17:21 | Link to Comment DarkAgeAhead
DarkAgeAhead's picture

.

Tue, 01/18/2011 - 17:22 | Link to Comment Prof Gulliver
Prof Gulliver's picture

Blew the doors off. Dow 12K this week, maybe tomorrow.

Tue, 01/18/2011 - 17:38 | Link to Comment unky
unky's picture

After all some company has to develope all the police-state technology to spy on the citizens and compute all the data from thousands of cameras and other stuff

Tue, 01/18/2011 - 17:26 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

The huge numbers will start rolling in from the heavyweights .... 4 - 4.5% GDP here we come. This will apply massive pressure on gold and silver moving through the killer earnings period  ....

Tue, 01/18/2011 - 17:33 | Link to Comment homersimpson
homersimpson's picture

The only thing killer was the amount of money the Fed has spent proppin' up the stock market since 2008.

Nothing like giving out A's for D-like expectations.

Tue, 01/18/2011 - 17:26 | Link to Comment tunaman4u2
tunaman4u2's picture

So thats where the government debt money is winding up? 

Tue, 01/18/2011 - 17:30 | Link to Comment SmalleyD
SmalleyD's picture

Very true. These guys are defense department whores bilking them for our tax dollars.

Tue, 01/18/2011 - 17:28 | Link to Comment Joe Davola
Joe Davola's picture

Good for them, now can they wait at least 5 minutes before another one of the smarter planet commercials runs.

Tue, 01/18/2011 - 17:29 | Link to Comment SheepDog-One
SheepDog-One's picture

IBM- First developed the numbering filing system for the Jews in Germany in WW2. Just imagine what these evil fuks have been developing since.

Tue, 01/18/2011 - 17:31 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Just the HFT firms upgrading their computers as they continue to do "God's" work.

Tue, 01/18/2011 - 17:31 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

IBM?  Never heard of it.   Do you mean iBEAM, the app that makes you smile?

Tue, 01/18/2011 - 17:40 | Link to Comment plocequ1
plocequ1's picture

Repeat after me:  There is no recession. The world is good. Life is Good. Its all good.

Tue, 01/18/2011 - 18:36 | Link to Comment whatz that smell
whatz that smell's picture

a few white robots at the top selling shit to non-white robots built by non-white robots will not save ya all unless of course you are a few white robots.

Tue, 01/18/2011 - 19:41 | Link to Comment Hephasteus
Hephasteus's picture

I was in walmart the other day and this lady all she bought was 30 1 dollar swanson frozen tv dinners and a 256 cpu blade server. And she paid for it with food stamps. It's OUTRAGEOUS.

Tue, 01/18/2011 - 20:21 | Link to Comment ClassicalLib17
ClassicalLib17's picture

Obviously, you people aren't aware of my friend, Big Blue's hardest working, and brightest employee, Mike Perry. Mike is a 57 year old, widely respected channel acct. mgr. who posesses that now rare, good old American work ethic, and he's a good family man to boot. There is a lot of cynicism in the air nowadays, but as I tell my friend, who talks of retirement: you can't quit yet, you have two more missions to complete: Director then Chairman. I wish he would register on zerohedge, as he has much to contribute.   

Tue, 01/18/2011 - 21:30 | Link to Comment Hephasteus
Tue, 01/18/2011 - 21:58 | Link to Comment ClassicalLib17
ClassicalLib17's picture

Blah, blah, blah, life isn't fair. If at 57 you are still gainfully employed and valued by your employer, you have alot to offer. I am a union tradesman, on the other hand, and the only reason I remained employed is because I am very good at what I do also. I don't have to rely on buying the dips and selling the lows. I(we) possess valuable skills. A point that was apparently lost on you.

Wed, 01/19/2011 - 09:29 | Link to Comment Hephasteus
Hephasteus's picture

Blah blah blah. You didn't read those two links did you. There isn't loyalty there isn't respect fo yo skillz. They will throw you under a bus any time any place and for any reason. A point which is apparently lost on you. And by the way. Fuck yo stupid ass smart grid (Cheater's grid).

Wed, 01/19/2011 - 10:06 | Link to Comment AuShoot
AuShoot's picture

Is IBM different than other multinationals with ~250,000 employees, or is this a personal issue?

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