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IBM Issues Preliminary 2007 Fourth-Quarter and Full-Year Results

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IBM on Monday announced fourth-quarter 2007 diluted earnings of $2.80 per share from continuing operations, an increase of 24 percent, compared with diluted earnings of $2.26 per share in the fourth quarter of 2006. The company also reported fourth-quarter revenue of $28.9 billion, an increase of 10 percent as reported, including six points of currency benefit, compared with the fourth quarter of 2006.

IBM reported full-year 2007 diluted earnings of $7.18 per share, including five cents per share relating to the sale of the Printing Systems Division in the second quarter, an increase of 18 percent, compared with diluted earnings of $6.06 per share in 2006. The company also reported full-year revenue of $98.8 billion, an increase of eight percent, including four points of currency benefit.

IBM's cash balance at the end of 2007 was more than $16 billion, with strong free cash flow performance."The broad scope of IBM's global business-led by strong operational performance in Asia, Europe and emerging countries-drove these outstanding results," said Samuel J. Palmisano, IBM chairman, president and chief executive officer.

"IBM is well-positioned as we begin 2008 as a result of our global business reach, solid recurring revenue stream, and strong financial position. We are on track to achieve our long-term earnings-per-share roadmap objective in 2010."

IBM will provide more detailed information about its fourth-quarter and full-year 2007 results during its regularly-scheduled earnings Webcast on Thursday, Jan. 17.

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service.

For more information, visit: www.ibm.com.

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