Earnings Per Share of IBM has increased in the fourth quarter of 2007. IBM is one of the computer giants of the world. It is providing services in a number of countries throughout the whole world. The steady performance of IBM in the whole world has raised the profits of the company.
At the same time, the earnings per share of IBM has also increased. As per online reports, the company has performed excellently in the 2007. Approximately 1.45 billion shares of IBM were outstanding in 2007. The number was 1.55 billion in 2006 but according to the share repurchase program, the company has bought back shares of around US$ 18.8 billion in the last year.
The fourth quarter financial report of IBM shows that the company has increased its earnings in the fourth quarter of 2006. According to the reports, the diluted earning per share of IBM in the last quarter of 2007 was US$ 2.80.
Now, in comparison to the last quarter of 2006 when the EPS was US$ 2.26, the increase in earning per share has been 24%. At the same time, the diluted earning per share of IBM for the entire year was US$ 7.18. The earning per share in 2007 increased by almost 18% from the earnings per share in the 2006 fiscal.
On the other hand, IBM has earned nearly $28.9 billion in the last quarter of 2007 as revenue with a growth rate of 10% from its last quarter’s revenue in 2006. In 2007 the company has earned US$ 98.8 billion with a growth rate of 8%. The cash balance of the company has been US$ 16 billion at the end of 2007 fiscal.