Q4 Shows IBM (IBM) Transition Continues - Jefferies
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IBM Reports 2015 Fourth-Quarter and Full-Year Results
January 19, 2016 4:06 PM ESTARMONK, N.Y.--(BUSINESS WIRE)-- IBM (NYSE: IBM)
Fourth-Quarter 2015:
o Diluted EPS from continuing operations:
- Operating (non-GAAP): $4.84, down 17 percent; impact of 20 points from prior year System x divestiture gain;
- GAAP: $4.59, down 17 percent;
o Net income from continuing operations:
- Operating (non-GAAP): $4.7 billion, down 19 percent; impact of 19 points from prior year System x divestiture gain;
- GAAP: $4.5 billion, down 19 percent;
o Revenue from continuing operations: $22.1 billion:
- Down 2 percent adjusting for... More
