IBM Earnings Preview: Looking For More Signs Of Recovery
by Trefis
International Business Machines (IBM) is set to announce its Q1 earnings on April 17. IBM's revenue declined by 2% to $104.5 billion in 2012 from $106.9 billion in 2011. This was mainly due to negative currency impacts and the economic slowdown in Europe. In 2012, IBM reported decline in revenue across Global Technology Services (GTS), Global Business Services (GBS), Financing and System and Technology verticals. The Software vertical, which includes Middleware and Operating Systems division, was the sole bright spot and reported an increase of 3% in revenues. We expect this trend trend to reverse in 2013 as IBM delivers improved results across its verticals. IBM expects to deliver full-year 2013 GAAP earnings per share of at least $15.53 and operating (non-GAAP) earnings per share of at least $16.70. read more »
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