The International Business Machines Corporations (IBM) is an American multinational technology company located at Armork, New York, United States. It is one of the main manufacturers of software, hardware and middleware. IBM recently reported its quarterly revenue, earning a total of $21.77 billion in 2016 Q4.
2016 run down
IBM has a reputation of returning the capital to its shareholders; it gives innovation in more conventional fields and monetizing main technologies. It is dynamic when it comes to making fresh markets and constituting new business.
The company’s 2016 progress is driven by solving real business dilemmas in fresh eras such as Cloud, Industry and Cognitive. IBM builds Blockchain platforms and services. The overall growth of this company in software earnings is ascending both in Q4 and fiscal year, especially with integration software and cognitive solutions.
IBM’s analytics rose 9 percent to $19.5 billion, cloud ascends 35 percent to $13.7 billion, Mobile rose 35 percent to $44.1 billion and the Security with 14 percent to $2.0 billion.
IBM’s cognitive solutions segment revenue rose 2 percent to $5.3 billion, global business services edged up 4 percent to $4.1 billion, cloud platforms and technology services gained 2 percent to $9.3 billion and system segment by 12 percent to $2.5 billion.
Their operating earnings per share are $5.01 (Q4) and $13.59 (fiscal year) and $11.6 billion on free cash flow. IBM’s 4th quarter revenue on strategic imperative edged up by 12 percent to $10 billion.
2016 boosts good for 2017
2016 had been a blossoming year for IBM, and it can potentially bolster 2017 as well. The operating earnings per share this year is $13.80 compared to last years $13.59. Free cash flow recognition is greater than 90 percent of GAAP net income.
IBM also beats the estimation of Wall Street by attaining $5.01 EPS and revenue of $21.77 billion versus the $4.88 EPS and $21.64 billion predicted.