IBM reports 2007 Forth Quater and Full year results of almost 100 billion in revenue

Highlights from the quarter :

• Diluted earnings of $2.80 per share, up 24 percent as reported;

• Total revenues of $28.9 billion, up 10 percent;

• Global Technology Services revenues up 16 percent; pre-tax income up 26 percent;

• Global Business Services revenues up 17 percent; pre-tax income up 9 percent;

• Services signings of $15.4 billion; short-term signings up 8 percent;

• Software revenues up 12 percent; pre-tax income up 21 percent;

• 65 percent of revenues from outside the U.S.; E/ME/A revenues up 16 percent; Asia Pacific up 15 percent.

Highlights from the full year :

• Diluted earnings of $7.18 per share, up 18 percent as reported;

• Total revenues of $98.8 billion, up 8 percent;

• Global Technology Services revenues up 12 percent; pre-tax income up 8 percent;

• Global Business Services revenues up 13 percent; pre-tax income up 21 percent;

• Software revenues up 10 percent; pre-tax income up 9 percent.

Income from continuing operations for the year ended December 31, 2007 was $10.4 billion compared with $9.4 billion in the year-ago period, an increase of 11 percent. Diluted earnings per share from continuing operations were $7.18, including a gain from the sale of the Printing Systems Division in the second quarter, an increase of 18 percent, compared with $6.06 per diluted share in 2006. Revenues from continuing operations for 2007 totaled $98.8 billion, an increase of 8 percent (4 percent, adjusting for currency), compared with $91.4 billion in 2006.