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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| International Business Machines Corporation | IBM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 118.95 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 118.95 | 118.95 |
| Top Posts |
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Posted at 07/11/2021 08:24 by gibbs1 IBM Completes Separation of Kyndryl11/04/2021 | 09:53pm GMT On November 3, 2021, IBM completed the separation of Kyndryl into an independent publicly traded company. Today, IBM is filing an 8-K, as required by the SEC, which provides historical pro forma financial statements for IBM. This article is one of a series IBM is posting to help investors better understand its historical profile and reporting implications post-separation. It builds upon the information included in the investor article posted on September 28, 2021. In conjunction with today's 8-K filing, IBM is providing: a view of IBM's 2020 net income baseline, consistent with the revenue and free cash flow baseline previously discussed, an updated schedule of future investor communications, including plans to provide additional information on fourth quarter discontinued operations. IBM Historical Net Income Considerations As IBM previously stated, in accordance with U.S. Generally Accepted Accounting Principles (GAAP), Kyndryl's historical financial results will now be reported as discontinued operations within IBM's consolidated financial reporting. As a reminder, IBM discontinued operations does not include historical intercompany transactions between IBM and Kyndryl, which were previously eliminated in consolidation. It also does not include the spending for shared services (e.g., finance, marketing, human resources, tax, legal, global sales coverage) that has already been transferred to Kyndryl. Therefore, IBM's historical recast of continuing operations does not represent its go-forward continuing operations profile. As shown in today's 8-K, IBM's 2020 continuing operations (GAAP) net income is $3.9 billion. Adjusting for the above referenced items, as well as other smaller items, results in continuing operations net income baseline of $5.6 billion, or a continuing operations operating (non-GAAP) net income baseline of $7.7 billion. For perspective, these include significant charges for structural actions taken in fourth quarter 2020. Given these charges were taken at year end, they did not impact free cash flow in the period. Future communications IBM intends to provide additional information on fourth quarter 2021 discontinued operations later in November. This will allow investors and analysts to align their expectations to the company's continuing operations reporting basis ahead of its earnings report in January. Further, IBM expects to provide a view of its 2020 and year-to-date 2021 quarterly historical results on a continuing operations basis by the end of the year to facilitate an update to detailed historical models. To help investors understand the growth dynamics after the separation, IBM intends to provide insight into the revenue growth contribution from the incremental Kyndryl external sales during its earnings reporting for the first year after separation. Additional information can be found on IBM's Investor Relations website (www.ibm.com/investo |
Posted at 12/2/2021 10:04 by energeticbacker IBM has been found wanting in the technology stakes and disappointed investors for years, so much so that investing in IBM has represented a classic ‘value trap’.All the same, with a new, more forward thinking CEO at the helm, Investor's Champion thinks ‘Big Blue’ is starting to look interesting again, for all the right reasons, as their latest research reveals. |
Posted at 25/1/2021 11:00 by florenceorbis Shares of technology companies fell after disappointing earnings from two old-school tech giants.Shares of Intel tumbled after the chip maker appeared to drag its heels on previously divulged plans to outsource some of its semiconductor manufacturing, a move investors expect will boost profitability. Shares of computer-services stalwart International Business Machines fell after it posted another decline in quarterly sales, as diminishing revenue continues to dog the company. Online retailer Amazon.com is seeking to postpone a unionization vote at a warehouse in Alabama and is asking federal labor authorities to reconsider a decision to allow mail-in voting due to the pandemic. Write to Rob Curran at rob.curran@dowjones. (END) Dow Jones Newswires 01-22-21 1724ET |
Posted at 21/4/2013 07:00 by waldron UPDATE: IBM Shares Post Biggest Drop in 8 Years After Weak Earnings PrintAlert IBM (NYSE:IBM) Intraday Stock Chart Today : Sunday 21 April 2013 (Updates to reflect closing stock price in paragraphs one, six and seven.) By George Stahl and Drew FitzGerald International Business Machines Corp. (IBM) shares posted their biggest one-day percentage drop in eight years Friday, after a disappointing first-quarter earnings report raised doubts about the company's growth prospects this year. The Armonk, N.Y., company's earnings--excluding certain exceptional costs--rose 8% in the first quarter, below the double-digit percentage increase investors have grown to expect. IBM pointed to contracts slipping from the first quarter into the second quarter, possibly because of the early Easter; a slowdown in business spending in China; and the weakening yen. Morgan Stanley called the results "surprisingly weak for a company that rarely misses." "With a long list of reasons--Easter, China, yen to name a few--we think investors are unlikely to give the company the benefit of the doubt that all engines will resume full speed within the year," Morgan Stanley analyst Katy Huberty said in a report to clients. IBM Chief Financial Officer Mark Loughridge Thursday backed the company's 2013 per-share earnings forecast and said he expects earnings to return to double-digit growth by the fourth quarter. Shares of IBM fell $17.15, or 8.3%, to $190. The decline produced the stock's lowest close since Dec. 28, its biggest dollar drop since October 2000 and its largest percentage decrease since April 15, 2005. The stock closed near its low for the day of $189.76. IBM, as one of the 30 stocks in the Dow Jones Industrial Average, contributed a negative 132 points to the average's decline, and it was the reason why the Dow didn't gain as much as the other major market indexes. In its first quarter, IBM's sales of software and server products were particularly weak, which the company blamed in part on deals not getting done in time. "We had solid profit performance in January, but as the quarter ended, hundreds of millions of dollars of very profitable software and...mainframe deals fell short of the goal line," Mr. Loughridge said. "It's hard to imagine that we weren't affected by Easter" being in late March, instead of April. Mr. Loughridge added that belt-tightening in the Chinese corporate sector caught IBM's management a bit offguard, though he suggested much of the blame lay with sales teams failing to close deals before the quarter ended. IBM said much of that business will show up when the company reports its next results. Despite expectations some lost first-quarter deals will fall to the second quarter, IBM does expect to ramp up job cuts this quarter. Mr. Loughridge didn't disclose the number of layoffs, saying management hadn't yet approved final plans, but he expects to report close to $1 billion of accounting charges this year to trim its workforce--more than last year--with heavier reductions planned for the coming months outside the U.S. Also, IBM is in advanced discussions with Lenovo Group Ltd. (0992.HK, LNVGY) to sell part of its computer-server business, The Wall Street Journal reported, citing people familiar with the matter. At issue is IBM's business of selling so-called x86 servers, the low-priced workhorses of many corporate and cloud-based data centers. An exact sale price isn't known, WSJ reported, but one of the people said the deal could be worth billions of dollars. Mr. Loughridge declined to comment on the report. The x86 servers were once a fast-growing and lucrative technology, but now produce the server market's lowest profit, industry analysts say. Such a move would fit into IBM's history of aggressively shifting its business mix to areas with better growth and higher profit margins, just as it did by selling its computer business to Lenovo in 2004. IBM doesn't break out server revenue, but Morgan Stanley estimates the x86 server business generated about $4.9 billion of the company's $15.4 billion in server sales last year. Ms. Huberty noted the last two times IBM missed earnings also were in the first quarter, in 2002 and 2005, and were followed by restructuring actions and share underperformance. IBM shares ended up falling 36% in 2002 and 17% in 2005. Even with the losses Friday, IBM's shares are down less than 1% in 2013. Mr. Loughridge also blamed the "significant depreciation of the yen" for the company's first-quarter results. "Our business in Japan is more heavily skewed to local services, [so] the ability to hedge cross-border cash flows is low compared to most other countries," the chief financial officer said. "This had a profit impact in the quarter." Despite the disappointing results and stock selloff Friday, many analysts remained positive on IBM. "We are not overly concerned as issues appear short-term in nature and results are decent in light of bigger shortfalls at" other companies that rely on business spending, such as Oracle Corp. (ORCL), said Shaw Wu, analyst at Sterne Agee. Write to George Stahl at george.stahl@dowjone |
Posted at 22/2/2003 15:05 by energyi E.Surprise 12/02 9/02 6/02 3/02 12/01 Estimate... 1.29 0.96 0.84 0.68 1.32 Actual..... 1.34 0.99 0.84 0.68 1.33 Difference. 0.05 0.03 -NA- -NA- 0.01 ..% Change 3.88% 3.13% 0.00% 0.00% 0.76% :LINK: |
Posted at 09/7/2002 11:25 by shezzalad UBS would do that wouldn't they. They need to flog "big blue" to unsuspecting investors.IBM is a great short down to $50 at least. Their accounts are hiding real sales problems and considering their high p/e, this stock will hit $50 before the end of the year. |
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