IBM Reports Profits Up 10 Percent in Q4

Paul Lilly

IBM this week reported fourth-quarter 2009 diluted earnings of $3.59 per share compared with diluted earnings of $3.37 per share in the same quarter one year ago. That represents a 10 percent jump, and the first time IBM has seen revenues increase in more than a year.

"We concluded a strong year with a solid performance in the fourth quarter in which we again delivered growth in margins, profit and earnings," said Samuel J. Palmisano, IBM chairman, president and chief executive officer. "IBM continued to benefit from our strategic transformation, offerings that our clients value in this economy, and our commitment to developing countries around the world."

Big blue also attributed its numbers to several investment opportunities, including cloud computing. Based on this, and other factors, IBM said it expects full-year 2010 diluted earnings per share to reach at least $11.00.

Image Credit: IBM

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