(Updates with comment from analyst in the third paragraph).
April 19 (Bloomberg) - International Business Machines Corp., biggest supplier of computer services in the world, boosted its profit for the year of the forecast as companies buy more hardware and software.Earnings this operating will be at least $13.15 part this year, higher than an earlier projection of at least $13 and the estimated average $13.08 analysts surveyed by Bloomberg. Signatures of services in the first quarter fell by 14% from previous year, Armonk, New York - based IBM, said today, erasing a gain in the stock of the scopes.The signature of the contract was "a smear", although they are not a good indicator of future income, said Chris Whitmore, an analyst with Deutsche Bank AG, in San Francisco which recommends buying the stock. For the first quarter, IBM reported "income solid beat, led by the improvement of services and the resistance in the material."The last quarter sales rose 7.7% from $ 24.6 billion, topping of projections, as software, hardware and services revenue jumped. The equipment sales rose quarter fifth straight as customers continued to upgrade after IBM released a new mainframe and its computer server Power7 system last year.IBM slid $4 to $161.40 to 6 h 17 after rising to $170 in extended trade. Before the release of earnings, the stock fell 54 cents to $165.40 at the New York Stock Exchange composite trading. The shares rose to 13 percent this year. ' Volatile' SigningsSignings - the value of new contracts signed during a specific quarter - decreased to $ 10.5 billion. It is the fourth time in five quarters a decline of the new signing of contract in the shadow profit improved forecasts.Signatures figure is "volatile" and not as accurate a predictor of sales as the backlog, which includes the contracts have accumulated over time, Chief Financial Officer Mark Loughridge said on a conference call today. Backlog climbed 5.6% in the last quarter of $ 142 billion.Net profit for the first quarter increased 10% to 2.86 billion, or $2.31 per share, of 2.6 billion dollars, or $1.97, a year earlier.Profit on a base of operations was $2.41 per share, compared with the average estimate of analysts of $2.30. This is the first year, IBM is reported on a format of exploitation, which excludes acquisition and some costs of retirement.Sales rose to 19 per cent to 4.02 billion, is the largest jumping any segment. Software revenue increased 5.8% to 5.31 billion. Sales in emerging markets, which IBM is expected to represent almost 30 per cent of income in 2015, advanced 18 percent.Margin extended gross profit to 44.1% in the last quarter, 43.6% a year earlier. The company had about 220 million dollars in restructuring costs ' Limited ' EffectIBM to the Japan, which gets about 11% of its turnover from the Japan, saw a limited effect of last month's earthquake, Loughridge said on the call. Infrastructure of the company in the country, which is "very good shape", had about 20 million dollars in damages. The company does expect "significant impact" on its supply chain, he said.Earnings this operating will be at least $20 a share by 2015, IBM, said last month, reiterating a forecast of a year ago.Society invests in companies-computing in the clouds and analytical software, the company predicted to raise $ 7 billion and $ 16 billion, respectively, by 2015. These initiatives, with investments in emerging markets and the smarter planet - IBM to digitize physical infrastructure - plan will help add on about 20 billion dollars in sales until 2015, the company said last month.Director General Sam Palmisano also plans to make about 20 billion dollars in acquisitions, in the same period a projection, he has first given last year.-Editors: Ville Heiskanen, Cecile Daurat
To contact the reporter on this story: Katie Hoffmann in New York at the khoffmann4@bloomberg.net
To contact the editor responsible for this story: Peter Elstrom to pelstrom@bloomberg.net
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