IBM sticks to 2015 forecast on back of solid results

Summary:The company has reported solid fourth-quarter earnings, with chief executive Virginia Rometty insisting that IBM is on course to meet its targets for both 2012 and 2015

IBM reported solid fourth-quarter earnings on Thursday, although revenue was lighter than expected. The company's 2012 and 2015 outlooks remain on track.

IBM reported fourth-quarter revenue of $29.5bn (£19.1bn), and earnings of $5.5bn, or $4.62 a share. Non-GAAP earnings, which exclude charges and other items, were $4.71 a share.

Wall Street analysts were looking for fourth-quarter earnings of $4.62 a share on revenue of $29.7bn. For the fourth quarter, revenue was up four percent. Chief executive Virginia Rometty, however, said that the company is on track toward delivering 2015 operating earnings of $20 a share.

For more on this ZDNet UK-selected story, see IBM: 2012 outlook solid, 2015 roadmap on track on ZDNet.com.


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Topics: Tech Industry

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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