Big Blue Is in the Pink

Thanks to its consulting business and strong chip sales, IBM beats expectations to end a sometimes rocky fiscal year on a high note

A fiscal year that included a major black eye for IBM (IBM) ended on a more upbeat note, as the company reported better-than-expected fourth-quarter earnings on Jan. 17. Profit from continuing operations was $3.2 billion, or $2.01 a share, 7 cents per share higher than analysts were expecting. Excluding a one-time charge for pension changes, income for the quarter increased 19%.

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