International Business Machines Corp., symbol IBM on New York, is the world’s biggest computer company. In the past few years, IBM has shifted its focus from making computers to designing computer systems and managing them on behalf of clients.
We analyze IBM in Wall Street Stock Forecaster, our newsletter that gives you stock trading information and advice on U.S. companies.
In the three months ended June 30, 2011, IBM earned $3.7 billion. That’s up 8.2% from $3.4 billion a year earlier. Earnings per share rose 14.9%, to $3.00 from $2.61, on fewer shares outstanding. If you exclude unusual items, mainly costs to integrate acquisitions, IBM’s earnings per share rose 17.9%, to $3.09 from $2.62. On this basis, the latest earnings beat the consensus estimate of $3.03 a share.
Revenue rose 12.4% in the quarter, to $26.7 billion from $23.7 billion. That was higher than the consensus revenue estimate of $25.4 billion. IBM gets two-thirds of its revenue from overseas markets. If you adjust for foreign-currency rates, revenue would have risen by 5%. Revenues from Brazil, Russia, India and China jumped 27%. Growth markets, including those four countries, accounted for 22% of IBM’s total revenue.
IBM signed $1.3 billion of new service contracts in the quarter. That’s up 16% from a year earlier. On June 30, 2011, IBM’s order backlog was $144 billion, up 11.6% from a year earlier. That’s 1.3 times its annual revenue. Hardware revenue rose 17.5%, with sales of the company’s new System Z mainframe computer jumping 61%.
IBM is a dividend paying stock. Its annual rate of $3.00 per share yields 1.6%.
You can get our latest analysis and stock trading information, including our clear buy/sell/hold advice, on IBM and dozens of other U.S. stocks you may be considering buying in Wall Street Stock Forecaster. What’s more, you can get one month of this stock trading information free when you subscribe today. Click here to learn how.
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Privacy Policy and Terms of Use
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.
The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
We store subscriber and password files containing personal information securely. These files are stored in secure areas that are not accessible to the general public. We are always working to ensure the security of your personal information.
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?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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COMMENTS: TERMS OF USE
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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