Skip to main content

IBM Issues Preliminary 2007 Fourth-Quarter And Full-Year Results

ARMONK, NY - 14 Jan 2008: IBM (NYSE: IBM) today announced fourth-quarter 2007 diluted earnings of $2.80 per share from continuing operations, an increase of 24 percent, compared with diluted earnings of $2.26 per share in the fourth quarter of 2006. The company also reported fourth-quarter revenue of $28.9 billion, an increase of 10 percent as reported, including 6 points of currency benefit, compared with the fourth quarter of 2006.

IBM reported full-year 2007 diluted earnings of $7.18 per share, including 5 cents per share relating to the sale of the Printing Systems Division in the second quarter, an increase of 18 percent, compared with diluted earnings of $6.06 per share in 2006. The company also reported full-year revenue of $98.8 billion, an increase of 8 percent, including 4 points of currency benefit.

IBM’s cash balance at the end of 2007 was more than $16 billion, with strong free cash flow performance.

“The broad scope of IBM’s global business --- led by strong operational performance in Asia, Europe and emerging countries --- drove these outstanding results,” said Samuel J. Palmisano, IBM chairman, president and chief executive officer.

“IBM is well-positioned as we begin 2008 as a result of our global business reach, solid recurring revenue stream and strong financial position. We are on track to achieve our long-term earnings-per-share roadmap objective in 2010.”

IBM will provide more detailed information about its fourth-quarter and full-year 2007 results during its regularly-scheduled earnings Webcast on January 17.

Contact(s) information

Edward Barbini
IBM Media Relations

John Bukovinsky
IBM Media Relations

Related XML feeds
Topics XML feeds
Financial news, company earnings, philanthropy, community service, human resources, sponsorship