IBM Profits up 12%


From Computing:


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IBM has delivered a boost to the IT sector by reporting record annual revenue and fourth-quarter profit up 12 per cent.

The technology giant achieved net income of $4.4bn (£3.2bn) in the last three months of its financial year, ahead of Wall Street expectations.

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During the fourth quarter, software sales grew by three per cent, but technology services revenue fell four per cent and business service was down by five per cent.



So dont believe the buggers when they say they have no money, right ?