IBM $124.72 (New York symbol IBM; Shares outstanding: 970.1 million; Market cap: $137.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.2%; www.ibm.com) reported better-than-expected results in its latest quarter.
In the quarter ended December 31, 2015, revenue fell 8.5%, to $22.06 billion from $24.11 billion a year earlier. However, that beat the consensus of $22.04 billion. IBM gets 60% of its revenue from outside the U.S., and the higher U.S. dollar hurts the value of these sales.
The company continues to expand in fastergrowing areas like cloud computing and analytics software. In the latest quarter, IBM’s cloud and analytics businesses increased their revenue by 16%. That revenue now accounts for 35% of the company’s total. It also helps offset weaker demand for IBM’s consulting services and mainframe computers.
The company’s earnings fell 18.6%, to $4.7 billion, or $4.84 a share, from $5.8 billion, or $5.81 The latest earnings beat the consensus estimate of $4.81 a share.
IBM will probably earn $14.98 a share in 2016, and the stock trades at just 8.3 times that forecast. The shares yield 4.2%.
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The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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