The american it-giant IBM had a strong end to the financial year, and it resulted in a better-than-expected operating profit in the fourth quarter.
It shows the group’s accounts on Tuesday, writes Bloomberg News and news agency Reuters.
IBM landed in the period operating profit per share on 4,71 dollar, while the revenue reached 21.8 billion u.s. dollars. It is 0.1 percent more than the year before. But the marginal progress in turnover is the first for IBM in a year and a half.
We finished 2019 with a strong development and returned to overall revenue growth in the quarter led by an accelerated development in the cloud, ” says Ginni Rometty, ceo of IBM, in the financial statements.
the Turnover in IBM’s cloud business rose 21 percent to 6.8 billion u.s. dollars compared to the same quarter the year before. It is omsætningsrekord for the business unit.
Ceo Ginni Rometty has in recent years tried to turn the group’s focus more towards the cloud-the business. Among other things, by buying up other companies, writes Reuters.
the Expectations for operating profits in the 2020 sounds of “at least” 13,35 dollars per share. It is a bit better than analysts had anticipated. The message was to lift the share price by approximately three percent on Wall Street.
