Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Posts Tagged ‘revenue

IBM Q1 2012 Earnings Out, Full Year Earnings Guidance Raised

leave a comment »

IBM just released its first quarter earnings announcement, which came in with diluted earnings of $2.61 per share, compared to $2.31 per share in the first quarter of last year, a 13% year-over-year increase.

First quarter income was $3.1 billion compared with $2.9 billion in the first quarter of 2011, an increase of 7 percent.

Total revenues for the first quarter of 2012 $24.7 billion, flat year over year but up 1 percent when adjusting for currency.

Here’s the top line:

  • Diluted EPS:
    • GAAP: $2.61, up 13 percent;
    • Operating (non-GAAP): $2.78, up 15 percent;
  • Net income:
    • GAAP: $3.1 billion, up 7 percent;
    • Operating (non-GAAP): $3.3 billion, up 9 percent;
  • Gross profit margin:
    • GAAP: 45.1 percent, up 0.9 points;
    • Operating (non-GAAP): 45.7 percent, up 1.2 points;
  • Revenue: $24.7 billion, flat, up 1 percent adjusting for currency;
  • Free cash flow of $1.9 billion, up $1.1 billion;
  • Software revenue up 5 percent, 7 percent adjusting for currency;
  • Services revenue up 1 percent:
    • Services pre-tax income up 11 percent;
  • Services backlog of $139 billion, down 2 percent, up 1 percent adjusting for currency;
  • Systems and Technology revenue down 7 percent, 6 percent adjusting for currency;
  • Growth markets revenue up 9 percent;
  • Business analytics revenue up 14 percent;
  • Smarter Planet revenue up more than 25 percent;
  • Cloud revenue doubled first-quarter 2011 revenue;
  • Full-year 2012 operating (non-GAAP) EPS expectations raised to at least $15.00 from at least $14.85.

“In the first quarter, we drove strong profit and earnings per share growth. We delivered another excellent software performance, expanded services margins, and continued the momentum in our growth initiatives,” said Ginni Rometty, IBM president and chief executive officer. “Our investments in growth market countries continued to generate strong revenue growth across software, hardware and services while contributing to the company’s ongoing margin expansion.

“Based on this performance, we are raising our 2012 full-year operating earnings per share expectations to at least $15.00.”

Written by turbotodd

April 17, 2012 at 8:30 pm

IBM 3Q 2011 Earnings: Revenue Up 8%

leave a comment »

IBM’s earnings for third quarter 2011 just came across the wire.

Here’s the topline:

    • Diluted EPS:
      • GAAP: $3.19, up 13 percent;
      • Operating (non-GAAP): $3.28, up 15 percent;
    • Revenue: $26.2 billion, up 8 percent, up 3 percent adjusting for currency;
    • Net income:
      • GAAP: $3.8 billion, up 7 percent;
      • Operating (non-GAAP): $4.0 billion, up 9 percent;
    • Pre-tax income:
      • GAAP: $5.0 billion, up 7 percent;
      • Operating (non-GAAP): $5.2 billion, up 10 percent;
    • Gross profit margin:
      • GAAP: 46.5 percent, up 1.2 points;
      • Operating (non-GAAP): 46.8 percent, up 1.5 points;
    • Software revenue up 13 percent, 8 percent adjusting for currency;
    • Services revenue up 8 percent, 2 percent adjusting for currency;
      • Services backlog of $137 billion, up $2.4 billion;
    • Systems and Technology revenue up 4 percent, 1 percent adjusting for currency:
      • Power Systems up 15 percent;
    • Growth markets revenue up 19 percent, 13 percent adjusting for currency;
    • Business analytics revenue up 19 percent year to date;
    • Smarter Planet revenue up 50 percent year to date;
    • Cloud revenue year to date has doubled full-year 2010 revenue;
    • Full-year 2011 Operating (non-GAAP) EPS expectations raised to at least $13.35 from at least $13.25.

IBM today announced third-quarter 2011 diluted earnings of $3.19 per share, compared with diluted earnings of $2.82 per share in the third quarter of 2010, an increase of 13 percent. Operating (non-GAAP) diluted earnings were $3.28 per share, compared with operating diluted earnings of $2.85 per share in the third quarter of 2010, an increase of 15 percent.

Third-quarter net income was $3.8 billion compared with $3.6 billion in the third quarter of 2010, an increase of 7 percent. Operating (non-GAAP) net income was $4.0 billion compared with $3.6 billion in the third quarter of 2010, an increase of 9 percent.

Total revenues for the third quarter of 2011 of $26.2 billion increased 8 percent (3 percent, adjusting for currency) from the third quarter of 2010.

“In the third quarter, we drove revenue growth, margin expansion and increased earnings as a result of our innovation-based strategy and continued investment in growth initiatives,” said Samuel J. Palmisano, IBM chairman, president and chief executive officer. “Growth markets delivered outstanding revenue performance across software, hardware, and services and contributed to the company’s expanded margins. We also achieved strong results in Smarter Planet, business analytics and cloud.

Written by turbotodd

October 17, 2011 at 8:23 pm

%d bloggers like this: