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Westchester-Based IBM Fourth Quarter Earnings Exceed Estimates Westchester-Based IBM Fourth Quarter Earnings Exceed Estimates
Westchester-Based IBM Fourth Quarter Earnings Exceed Estimates ARMONK, N.Y. -- The fourth quarter was a good one for IBM, which is headquartered in Armonk. The company announced revenue of $22.5 billion, an increase of 4 percent. The revenue beat investor expectations. The company earned about $5.18 per share, also beating investor expectations.  The company earned $36.5 billion in revenue in full-year strategic imperatives, an increase of 11 percent. Fourth quarter strategic imperatives revenues increased 17 percent. IBM earned $17 billion in full-year cloud revenue, an increase of 24 percent from last year.  "During 2017, we strengthened our p…

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by Sam Barron