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January 23, 1997updated 05 Sep 2016 12:40pm


By CBR Staff Writer

International Business Machines Corp, IBM, has reported fourth quarter net profits up 18.2% at $2.023bn on revenue up 5.6% at $23.143bn; net profits for the year to December 31 were down 2.6% at $5.864bn on revenue that rose 5.6% to $75.947bn. Net earnings per share rose 27.2% to $3.93 in the quarter, 5.7% to $11.06 in the year.

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