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IBM's profit boosted by weak dollar

Discussion in 'General Discussions and Lounge' started by temi, Jan 19, 2005.

  1. temi

    temi Facilitator Webmaster

    IBM's profit boosted by weak dollar

    IBM recently sold off its PC hardware division
    IBM has reported fourth quarter profits ahead of Wall Street expectations.
    The US computer giant made a net profit of $3.1bn (£1.6bn), or $1.81 a
    share, between October and December 2004, up 12% on $2.71bn a year earlier.

    Analysts had, on average, been expecting IBM to report a profit of $1.78 a

    Solid last quarter sales at IBM were further boosted by the beneficial
    impact of the weak dollar on its overseas operations.

    IBM's fourth quarter sales from continuing operations were $27.7bn, up 7%
    compared to $25.9bn during the final quarter of 2003.

    source full story: news.bbc.co.uk/1/hi/business/4186153.stm

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