The U.S. computer giant IBM announced Tuesday, Jan. 18, net profit up 10.5% year on year to 14.8 billion dollars (11 billion euros), with an increase equivalent to the last quarter. These results exceeded analysts' expectations. The turnover of the group, meanwhile, increased 6.6% to 29.0 billion dollars (21.57 billion euros) over the quarter and 4.3% on year whole, to 99.9 billion dollars (74.28 billion euros)."We have completed a remarkable year, with profits and record cash flow exceeding the upper range of performance targets of the group," said Samuel Palmisano, IBM CEO, said in a statement. Proceeds from the technology services division rose 1% on a year in the fourth quarter to 10.165 billion dollars (7.56 billion euros).
The software has, meanwhile, saw their revenue earning 7% to $ 7 billion (5.2 billion euros). STRONG GROWTH IN ASIA By geographic region, revenues increased 9% in the fourth quarter in North America and 14% in Asia-Pacific, but fell 2% in the Europe - Middle East - Africa. In emerging BRIC (Brazil, Russia, India, China), revenues 19% took the last three quarters of 2010.
On the whole year, the high-growth markets represent 21% of group revenue. In electronic trading after the close of the formal meeting, the action took 2.66%, to 154.66 dollars (114.95 euros).
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