IBM reports $4 billion Q4 profit

Posted: January 20, 2008 in Tech

IBM announced fourth quarter earnings of $4.0 billion, up almost 12% from $3.5 billion reported for Q4 2006. Revenues were up 10% from $26.3 billion to $28.9 billion in the same time frame.

For the complete year, IBM reported sales of $98.8 billion, up 8% from $91.4 billion in 2006. Net income for the year climbed 11% from $9.4 billion to $10.4 billion.

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