IBM quarterly results show modest gains

IBM falls slightly short of analyst expectations for its fourth quarter 2011 results

IBM brought its fiscal 2011 year to a close with modest gains in both revenue and net income, the company reported Thursday.

For the quarter that ended Dec. 31, IBM reported revenue of US$29.5 billion, up 2 percent from the same quarter in the prior year. Net income was $5.5 billion, up 4 percent.

Emerging nations continue to provide growth for the company. Collectively, the revenue for Brazil, Russia, India and China increased 10 percent for the year. Americas' fourth-quarter enjoyed an increase in revenue of 3 percent from 2010, while Asia-Pacific revenue increased 2 percent.

For fiscal 2011, IBM reported revenue of $106.9 billion, up 7 percent from fiscal 2010. Net income was also up 7 percent, to $13.06 billion. Earnings per share (EPS) for the year were $13.06, a gain of 13 percent.

With these results, the company confirmed that it was still on track of its goal of reaching EPS of $20 in 2015.

However, IBM fell slightly short on analysts' expectations. Analysts estimated that the company would bring in $29.71 billion in revenue this quarter, with $5.6 billion in net income, according to a poll by Yahoo Finance. For the year, they estimated the company would bring in $107.12 billion in revenue and $13.37 billion in earnings.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is Joab_Jackson@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joab Jackson

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?