Latest Breaking News On - Application operations - Page 1 : comparemela.com

IBM (NYSE: IBM) recently announced strong results for its fourth-quarter that sent the stock climbing 7% in the after-hours trading session. IBM's Financials Revenues for the quarter grew 4% to $17.4 billion, surpassing Street's estimates of $17.3 billion. Adjusted earnings of $3.87 per share were significantly ahead of the analyst estimates of $3.79. By segment, revenues from Software that includes Hybrid Platform & Solutions and Transaction Processing grew 3% to $7.5 billion, falling short of the market's forecast of $7.67 billion. Revenue from Consulting including Business Transformation, Technology Consulting, and Application Operations grew 6% to $5 billion, again missing the market's estimated $5.1 billion. Revenue from Infrastructure including Hybrid Infrastructure and Infrastructure Support fell 3% to $4.6 billion, ahead of the Street's forecast of $4.3 billion. Financing revenues grew 2% to $0.2 billion. IBM's annual reveunue grew 2% to $61.

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