IBM shocked the fourth quarter business results

IBM server and software manufacturing company announced that its fourth quarter revenue increased by 24% over the previous year, far exceeding Wall Street's prediction.

The preliminary report released ahead of schedule is expected to increase IBM's stock to 6% in the morning session.

IBM said that the weakened dollar has boosted their revenue by 10%.

According to a financial survey Thomson, IBM announced quarterly profit from production of $ 2.80 a share on $ 28.9 billion in revenue, easily exceeding Wallstreet's forecast of 2, 60 shares on total sales amounted to 27.82 billion dollars.

IBM said revenue increased 10% from last year, of which 6 points increased due to the dollar weakening.

Samuel J. Palmisano, president and general manager of IBM, said ' IBM's successes in Asia, Europe and countries are leading the way for IBM's global business goals to produce excellent results. this '.

Financial statistics in 2007, profit per share of IBM increased 18% to $ 7.18, including 5 cents earned by selling printing systems in the second quarter of $ 98.8 billion in total revenue. la, achieved 8% growth.

Analysts predict a full-year profit of $ 6.97 a share on $ 97.73 billion in total revenue.

The company's shares rose $ 6.13 to $ 103.80 in the morning session. Over the past 52 weeks, IBM's stock has been valued at $ 88.77 to $ 121.46.

By the end of 2007, IBM's remaining cash was more than $ 16 billion. The company will announce results quarterly and throughout 2007 this Thursday.

Tra Mi