"To be honest, I didn't believe they could show something like this -- I think the results they posted were stellar," said Peter Misek, an analyst with Canaccord Adams. "They just executed really well -- really, really, really well."
IBM (NYSE: IBM) predicted at least $9.20 per share in profit in 2009, a full 45 cents per share better than the average estimate of analysts polled by Thomson Reuters. Is IBM for real?
IBM's net income for the 4th quarter was $4.4 billion, or $3.28 per share - beating the analyst estimates of $3.03 per share by a full 25 cents! WOW! Net income showed 12 percent profit increase from $3.95 billion, or $2.80 per share, in the same period a year earlier.
Selected references:
Leading eBook on Creativity and Innovation in Business
Creativity and Innovation Best Practices
Creativity and Innovation Case Studies
The Innovation Index
Top 50 innovative companies in the world
IBM's key revenue generator: $17.2 billion in new services contracts. IBM is executing quite efficiently in this trying economy, and has a workforce of 400,000 employees worldwide. IBM did not post a sales gain though. The sales were down sequentially by 1%, adjusted for currency fluctuations, from the previous year's quarter.
"A strong fourth quarter capped an outstanding year. In 2008 IBM performed well in an extremely difficult economic environment. Clearly our strategic transformation --- migrating to the more profitable segments of the industry, investing in growth regions of the world, and driving productivity through global integration --- is continuing to pay dividends," said Samuel J. Palmisano, IBM chairman, president and chief executive officer.
IBM gets the nod as a Top 20 Innovator of the Innovation Index for 2009. Bravo, IBM!!
The Innovation Index Reports
Introducing The Innovation Index
The Innovation Index 2008 Performance
The Iron Men of Stocks
Annual Report 2007 - The Innovation Index gains 66%
Measuring Business Innovation Success
Top 50 Innovative Companies in the world
Annual Report - Chapter One - Total Innovation Activity
Annual Report - Chapter Two - The Top Innovator
Annual Report - Chapter Three - The Innovation Insights
Innovation and Stock Performance Correlation
Future earnings guidance, A leading indicator
Smart Investing In Tough Economic Times
To Sell Or Not To Sell - You Decide
Creativity and Innovation Best Practices
Creativity and Innovation Case Studies
About the Innovation Index
The Innovation Index introduced in December 2006 is a weighted stock price index of the top 20 Innovators in North America.
References:
IBM Press Release
AP Story
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