International Business Machines Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 2017
January 18, 2018 at 04:12 pm EST
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International Business Machines Corporation announced unaudited consolidated earnings results for the fourth quarter and twelve months ended December 31, 2017. For the quarter, the company reported total revenue of $22,543 million as compared to $21,770 million for the same period last year. Income from continuing operations before income taxes was $4,469 million as compared to $4,986 million for the same period last year. Net Loss was $1,054 million or diluted loss per share of $1.14 as compared to profit of $4,501 million or $4.72 diluted earnings per share same period last year. Net cash provided by operating activities was $5,733 million as compared to $3,979 million same period last year. Capital Expenditures, net of payments & proceeds was $965 million as compared to $925 million same period last year. Loss from continuing operations was $1,053 million or $1.14 per diluted share as compared to profit of $4,505 million or $4.73 per diluted share same period last year.
For the full year, the company reported total revenue of $79,139 million as compared to $79,919 million same period last year. Income from continuing operations before income taxes was $11,400 million as compared to $12,330 million same period last year. Profit from continuing operations before income taxes was $5,758 million or $6.14 per diluted share as compared to profit of $11,881 million or $12.39 per diluted share same period last year. Net income was $5,753 million or diluted earnings per share was $6.14 as compared to profit of $11,872 million or $12.38 diluted earnings per share same period last year. Net cash provided by operating activities was $16,724 million as compared to $17,084 million same period last year. Capital expenditures, net of payments & proceeds was $3,312 million as compared to $3,726 million same period last year.
International Business Machines Corporation (IBM) is one of the world's leading computer services companies. Net sales break down by activity as follows:
- cognitive solutions and transaction processing software development (41.4%);
- IT services (31.6%): consulting (management of logistic chains, financial performance, CRM, human resources, etc.), application management, systems integration, cloud computing, hosting, technical support services, etc.;
- sale of IT infrastructure (25.3%): hybrid IT infrastructure solutions, microcomputers, servers, peripheral devices, networks, data storage equipment, etc.;
- financing of computer equipment (1%);
- other (0.7%).
Net sales are distributed geographically as follows: the United States (41.5%), Americas (9.8%), Europe/Middle East/Africa (29.7%), Japan (9%) and Asia/Pacific (10%).
International Business Machines Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 2017