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

• 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

Comments

[Racer]

How much of this was due to currency fluctuations?

[razorthin]

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

[Racer]

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.

[razorthin]

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.

[Eally Ucked]

Who the fuck cares?

[AuShoot]

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

Fourth-Quarter 2010:

• Diluted earnings per share of $4.18, up 16 percent;
• Record revenue of $29.0 billion, up 7 percent as reported and adjusting for currency;
• Record net income of $5.3 billion, up 9 percent;
• Pre-tax income of $7 billion, up 9 percent;
• Gross profit margin of 49 percent, up 0.8 points;
• Software revenue excluding divested PLM operations up 11 percent, 12 percent adjusting for currency; 7 percent including PLM;
• Systems and Technology revenue up 21 percent, 22 percent adjusting for currency;
• System z mainframe revenue up 69 percent; MIPS up 58 percent;
• Services revenue up 2 percent as reported and adjusting for currency;
• Services backlog of $142 billion, up $5 billion year over year and up $8 billion quarter to quarter;
• Growth markets revenue up 15 percent, 13 percent adjusting for currency;
• Business analytics revenue up 19 percent;

• 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.

[RobotTrader]

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

[Cdad]

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.

[Cognitive Dissonance]

Yeah, but IBM is no APPL

/sarcasm

[Turd Ferguson]

(obligatory)

http://www.youtube.com/watch?v=gqsT4xnKZPg

[Hephasteus]

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

[Cash_is_Trash]

The economy is recovering (albeit no Jobs)

Pun intended

[g3h]

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

[SheepDog-One]

Priced-in x infinity.

[DarkAgeAhead]

.

[Prof Gulliver]

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

[unky]

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

[Spalding_Smailes]

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  ....

[homersimpson]

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.

[tunaman4u2]

So thats where the government debt money is winding up? 

[SmalleyD]

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

[Joe Davola]

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

[SheepDog-One]

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

[LawsofPhysics]

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

[hedgeless_horseman]

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

[plocequ1]

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

[whatz that smell]

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.

[Hephasteus]

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.

[ClassicalLib17]

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.   

[Hephasteus]

http://www.ibmemployee.com/

Ya things are great at IBM.

http://news.cnet.com/8301-1001_3-10149661-92.html

[ClassicalLib17]

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.

[Hephasteus]

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).

[AuShoot]

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