The world’s largest IT service provider, IBM has in spite of a decline in revenue in the fourth quarter, the market exceeded expectations. The revenues for the prior-year period by 3.5 percent to 21,76 billion dollars, as the us company announced on Tuesday after market close. Analysts had expected an average only with 21.71 billion dollars. IBM shares jumped in after hours to around seven percent in the height.
net income for The quarter amounted to 1.95 billion dollars, after a year ago, a loss of 1.05 billion dollars. A high depreciation in the Wake of the tax reform in America had been destroyed by hail the balance sheet.
Higher revenues from new business fields such as Cloud Computing, could only partly make up for the decreasing revenues with large-scale systems of betting. To create the strong Dollar, reduced sales in the full year of 2018, which is about two billion dollars made to the Computer Veteran. The group competes in Cloud Computing with companies such as SAP and Oracle. The investors are interested mainly in how IBM offset the weaknesses in the Hardware and Software area.
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