IBM ups net profits 9% to US$5.3bn in Q4

- Wednesday, January 19, 2011

IBM ups net profits 9% to US$5.3bn in Q4

IBM's (NYSE: IBM) fourth quarter net profits were US$5.3bn, a 9% increase compared with the US$4.8bn posted in 4Q09, according to financial results released by the company.

IBM also reported record revenue of US$29bn, up 7% year-over-year.

For its full-year financial results, IBM saw its net income for 2010 grow 10% over 2009, increasing from US$13.4bn-14.8bn. The firm reported revenues of US$99.9bn, up 4% from 2009 revenues of US$95.8bn.

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IBM saw its Q4 revenues in the Americas increase 9% year-on-year to US$12.2bn. Full-year revenues in the Americas reached US$42bn, up 5% from 2009. When adjusted for currency, these revenues were up 3%.

Revenues from Brazil, Russia, India and China grew 19% (17% when adjusted for currency). Additionally, revenues from IBM's growth markets increased 15% (13% adjusted for currency), and for the full year the revenues from these markets represented 21% of the company's total geographic revenue.

Click this link to view the full results.