IBM profit beats Street on higher software revenue
Jan 21 (Reuters) - International Business Machines Corp , the world's largest technology services company, reported a better-than-expected quarterly profit, helped by higher software revenue.
Net profit rose 6 percent to $6.19 billion in the fourth quarter. On an adjusted basis, it earned $6.13 a share, beating analysts' average estimate of $5.99 per share, according to Thomson Reuters I/B/E/S.
Total revenue fell 5.5 percent to $27.7 billion, below analysts' average estimate of $28.25 billion. (Reporting by Supantha Mukherjee and Soham Chatterjee; Editing by Savio D'Souza)
- Malaysian PM says lost airliner was diverted deliberately |
- Malaysia PM says lost plane's movements indicate a deliberate act
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- UPDATE 2-Satellite data shows missing Malaysia plane may have flown thousands of miles-source
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data