IBM quarterly result beat estimates
21-01-2009
International Business Machines, the world's biggest technology services company, issued quarterly results that were ahead of Wall Street estimates, sending its shares up 3.5 percent. The world's biggest manufacturer of mainframe computers and number 2 software maker said net income rose 12 percent to US$4.43-billion - or US$3.28 per share - in the fourth quarter. Revenue fell 6.4 percent to US$27-billion. IBM shares rose US$2.85 to US$84.83 in extended trading.
