"International Business Machines Corp., the world's largest
computer maker, on Wednesday reported fourth-quarter profit rose 28
percent, slightly exceeding analyst expectations, and said it was
better placed than its competitors to weather any economic
"The Armonk, N.Y.-based company reported fourth-quarter net
income of $2.7 billion, or $1.48 per share, compared with net
income of $2.1 billion, or $1.12 per share, a year earlier."
"Analysts on average had estimated earnings of $1.46 per share,
according to First Call/Thomson Financial, which tracks such
"'We saw improved performance across the board in our server
business in the fourth quarter, especially for our Web servers and
our new Z900 mainframes, which were designed specifically for
e-business,' IBM Chief Financial Officer John Joyce said on a
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