International Business Machines Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019
January 22, 2020 at 02:34 am IST
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International Business Machines Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company announced total revenue was $21,777 million compared to $21,760 million for the same period a year ago. Income from continuing operations was $3,669 million compared to $1,954 million for the same period a year ago. Net income was $3,670 million compared to $1,951 million for the same period a year ago. Earnings per share of common stock from continuing operations after assuming dilution was $4.11 compared to $2.15 for the same period a year ago. Earnings per share of common stock from total operations after assuming dilution was $4.11 compared to $2.15 for the same period a year ago. Earnings per share of common stock from continuing operations, basic was $4.14 compared to $2.17 for the same period a year ago. Earnings per share of common stock from total operations, basic was $4.14 compared to $2.17 for the same period a year ago.
For the full year, the company announced total revenue was $77,147 million compared to $79,591 million for the same period a year ago. Income from continuing operations was $9,435 million compared to $8,723 million for the same period a year ago. Net income was $9,431 million compared to $8,728 million for the same period a year ago. Earnings per share of common stock from continuing operations after assuming dilution was $10.57 compared to $9.51 for the same period a year ago. Earnings per share of common stock from total operations after assuming dilution was $10.56 compared to $9.52 for the same period a year ago. Earnings per share of common stock from continuing operations, basic was $10.63 compared to $9.56 for the same period a year ago. Earnings per share of common stock from total operations, basic was $10.63 compared to $9.57 for the same period a year ago.
International Business Machines Corporation (IBM) is one of the world's leading computer services companies. Net sales break down by activity as follows:
- cognitive solutions and transaction processing software development (41.4%);
- IT services (31.6%): consulting (management of logistic chains, financial performance, CRM, human resources, etc.), application management, systems integration, cloud computing, hosting, technical support services, etc.;
- sale of IT infrastructure (25.3%): hybrid IT infrastructure solutions, microcomputers, servers, peripheral devices, networks, data storage equipment, etc.;
- financing of computer equipment (1%);
- other (0.7%).
Net sales are distributed geographically as follows: the United States (41.5%), Americas (9.8%), Europe/Middle East/Africa (29.7%), Japan (9%) and Asia/Pacific (10%).
International Business Machines Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019