Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

IBM Tops Q4 Expectations by $1B

Strong sales to developing markets send Big Blue stock soaring

By Jim O'Neill, Newser User

Posted Jan 14, 2008 10:20 AM CST

(Newser) – IBM shares soared after the company released preliminary quarterly earnings today that beat Wall Street’s predictions by $1 billion, reports Bloomberg. Shares popped 8% in early trading after the company said “strong operational performance in Asia, Europe, and emerging countries” helped it to... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Bloomberg (Source Grid »)
CNN (Source Grid »)

IBM takes the green road
Bloomberg

IBM opens delivery center in Vietnam
Vietnam Net Bridge

Money • Technology

IBM • corporate earnings • computer services

More Newser Stories

What Slump? Big Blue Sees Growth

IBM had a good Q4 and says its business services and software sales are solid

(NEWSER) - Strong software and business-services sales—including outsourcing services, a cash cow in the current economy—pushed IBM’s profits up 12% in the fourth quarter and prompted a recession-busting forecast of continued growth for 2009, reports the Wall Street Journal. Although Big Blue's revenue fell in the quarter, its margins continued to grow. More»

Oracle Stock Dives 8% on Flagging Q3 Revenue

Despite a 30% jump in profits, investors worry the software maker is vulnerable

(NEWSER) - Oracle missed its third-quarter revenue projections yesterday and investor reaction was swift and dramatic: shares of the software maker dropped 8% in after-hours trading, reports the Wall Street Journal. This despite the fact that Oracle’s profits rose 30% to $1.34 billion, 26 cents per share, from $1.03 billion, 20 cents per share a year ago. Revenue rose 21% to $5.35 billion, short of analysts’ $5.42 billion expectations. More»

Strong Overseas Growth Buoys IBM Sales

Despite a lagging US economy, there's hope for multinational tech firms overseas

(NEWSER) - IBM, already weathering the economic storm that’s bedeviled many other major US companies, said sales overseas, especially in Europe and developing nations, would help it overcome trying economic conditions at home in 2008, reports the Wall Street Journal. The computer services giant said it expects annual per share earnings between $8.20 and $8.30, more than analysts had projected. More»

IBM Thinks Siri Is Spying, Bans It

Or at least, it might if it was allowed on company's network

(NEWSER) - IBM has banned employees from using Siri on its network, because it doesn't trust the iPhone digital assistant. On Monday, IBM's CIO told the MIT Technology Review that though employees are free to use their personal iPhone at work, it was having problems with apps posing security risks. She said Siri in particular was off-limits because they're "worried that the spoken queries might be stored somewhere." More»

Guess How Much Facebook Makes Off You?

A little less than 5 bucks, according to their latest earnings

(NEWSER) - Ever wonder how much money you're worth to Facebook? Earlier we reported that the social network supreme had a really lousy quarter , but Tech Crunch dug deeper into the numbers and did this interesting bit of math: Facebook reported having 901 million users and $1.058 billion in revenue. So if it maintains that rate over a full year, it would make an average of $4.69 to $4.81 on each user each year. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

IBM Tops Q4 Expectations by $1B

Strong sales to developing markets send Big Blue stock soaring

IBM • corporate earnings • computer services

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

What Slump? Big Blue Sees Growth

IBM had a good Q4 and says its business services and software sales are solid

Oracle Stock Dives 8% on Flagging Q3 Revenue

Despite a 30% jump in profits, investors worry the software maker is vulnerable

Strong Overseas Growth Buoys IBM Sales

Despite a lagging US economy, there's hope for multinational tech firms overseas

IBM Thinks Siri Is Spying, Bans It

Or at least, it might if it was allowed on company's network

Guess How Much Facebook Makes Off You?

A little less than 5 bucks, according to their latest earnings

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?