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IBM Profits Rise 24% Year-on-Year in the 4th Quarter

Shares climb more than 8% in premarket trading
By WebSphere News Desk
Article Rating:
January 14, 2008 09:00 AM EST
Reads:
 8,378
When IBM releases its fourth-quarter results on Thursday, it is confidently expected that - aided by the plunging dollar which in itself is reckoned to have increased revenue by 6% - revenue rose 10% to $28.9BN. As a result of its preliminary fourth-quarter results being issued, shares in the company climbed more than 8% today in premarket trading.

"The broad scope of I.B.M.'s global business - led by strong operational performance in Asia, Europe and emerging countries - drove these outstanding results," said Samuel J. Palmisano, the company's chief executive, in an accompanying statement.

Published January 14, 2008 – Reads 8,378
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WebSphere Journal News Desk trawls the world of e-commerce technologies for news and innovations and presents IT professionals with updates on technology trends, products, and services in the WebSphere family.

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