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internetnews.com: IBM's Q4 Profit Jumps 12%

Jan 19, 2005, 15:15 (0 Talkback[s])
(Other stories by Erin Joyce)

"Helped by currency exchanges on the weak U.S. dollar and solid growth across all divisions, IBM's profit for the fourth quarter of 2004 jumped by 12 percent to $3.04 billion ($1.80 per share, up 16 percent over last year at the same time).

"The results marked one of the strongest quarters ever for IBM, whose quarterly profit passed the $3 billion mark for the first time. Revenues rose by close to 7 percent to $27.7 billion in the quarter, up 6.8 percent from revenues of $25.9 million during the same time last year. Adjusting for currency exchanges, however, IBM's revenues were up by 3 percent..."

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