IBM reported 4Q earnings on Tue 19 Jan 2016 (a/h)

** charts before earnings **

 

** charts after earnings **

 

IBM beats by $0.03, reports revs in-line; will discuss 2016 during earnings conference call :

• Reports Q4 (Dec) earnings of $4.84 per share, $0.03 better than the Capital IQ Consensus of $4.81; revenues fell 8.5% year/year to $22.06 bln vs the $22.09 bln Capital IQ Consensus.
  • Fourth-quarter revenues from the company's strategic imperatives --- cloud, analytics and engagement --- increased 10% year to year (up 16% adjusting for currency).
  • Global Technology Services segment revenues were down 7% (up 1% adjusting for currency) to $8.1 bln.
  • Geographic breakdown:
    • The Americas' fourth-quarter revenues were $10.3 bln, a decrease of 8% (down 4% adjusting for currency) from the 2014 period.
    • Revenues from Europe/Middle East/Africa were $7.3 bln, down 9% (up 1% adjusting for currency).
    • Asia-Pacific revenues decreased 10% (down 3% adjusting for currency) to $4.4 bln.
    • Revenues from the BRIC countries were down 21% as reported (down 11% adjusting for currency).
• Services backlog of $121 bln, up 1% adjusting for currency.