Diluted EPS: Operating (non-GAAP) of $2.35; GAAP of $2.09
Revenue from continuing operations of $18.7 billion
Strategic imperatives revenue of $29.8 billion over the last 12 months represents 37 percent of IBM revenue
Cloud revenue of $10.8 billion over the last 12 months
For cloud delivered as a service, annual run rate of $5.4 billion in the quarter, up 46 percent adjusting for currency, up 42 percent as reported year to year
Free cash flow of $14.3 billion over last 12 months
Announced or closed 10 acquisitions during the quarter
Returned $2.2 billion to shareholders in the form of gross share repurchases and dividends
Maintains full-year operating (non-GAAP) EPS expectations of at least $13.50
Improves view of full-year free cash flow
apple back above $530b and Google a tad below $500b. Both, along with NFLX and FB, are eating all the lunches on their platform tables.
Alphabet beats by $0.58, beats on revenue
Alphabet (NASDAQ:GOOG): Q4 EPS of $8.67 beats by $0.58.
Revenue of $21.33B (+17.8% Y/Y) beats by $560M.
On potential OPEC cut:
Sharply lower all day, oil has turned higher by $0.68 per barrel to $32.10 despite bearish inventory data from the EIA. Alongside the big surge in inventories, however, the EIA says U.S. production edged lower by 14K to 9.22M barrels per day. The peak in output was last April at 9.7M. USO +4%
Tax rates on the 400 wealthiest Americans in 2013 rose to their highest average since the 1990s, after policy changes that boosted levies on capital gains and dividends.
The households, whose names aren’t revealed, earned 1.2% of all adjusted gross income in 2013 and paid nearly 2% of all income taxes, according to data released Wednesday by the Internal Revenue Service. Their average payment of $60.8 million in income taxes on earnings of $265 million brought their average tax rate up to 22.9% that year, up from 16.7% in 2012, which had been near the lowest rate going back to 1992.
But not so good for the Icahns and Buffetts.
The crooks have been selling on the back of more layoffs:
Sep 21, 2015 LESJAK CATHERINE AOfficer 200,000 Direct Option Exercise at $13.83 per share. 2,766,000
Sep 21, 2015 LESJAK CATHERINE AOfficer 23,266 Indirect Automatic Sale at $26.23 per share. 610,267
Sep 21, 2015 FINK MARTINOfficer 30,235 Direct Automatic Sale at $26.25 per share. 793,668
Sep 21, 2015 YOUNGJOHNS ROBERTOfficer 8,375 Direct Automatic Sale at $26.25 per share. 219,843
Sep 21, 2015 LESJAK CATHERINE AOfficer 200,000 Direct Automatic Sale at $26.35 per share. 5,270,000
Sep 17, 2015 SCHULTZ JOHN FOfficer 25,335 Direct Disposition (Non Open Market) at $27.57 per share. 698,485
How time has passed and his passing at a young age is disturbing:
"David, a brilliant writer, was a master of sentences. He was also a bit of a boat rocker, rebel, curmudgeon and a creative genius... Instead of starting to die, David spent the past year living life to the fullest. He published his first book, a novel that combined his penchant for humor, great prose and baseball, in May 2014... he published his second book in January. "Apparently So" -- http://www.amazon.com/dp/0986437808 -- is a compilation of funny and poignant stories and poetry, including his favorite articles during his 15-year career at Hewlett-Packard... He gained an enormous and devoted following among thousands of HP employees..."
In what could be a big boon for the housing and mortgage industry, financial crisis-era foreclosures are beginning to roll off credit reports in a big way, thus boosting credit scores and allowing those who lost homes to again qualify for a mortgage.
Foreclosures and many other negative credit events stick around on credit reports for up to seven years, and Fair Isaac estimates about 910K consumers had foreclosure proceedings begin between October 2007 and October 2008. Of those, 264.4K no longer had evidence of such on their credit reports as of last October, and the number should rise to 645.6K by year-end.
“We have a large number of people who were affected by foreclosure and have been sitting in the penalty box,” says ASU's Mike Orr. “This ‘boomerang buyer’ group is a pretty substantial potential demand.”
"Please be aware that the migration from Computershare to Fidelity will require blackout periods for all participant accounts. The following are the respective blackout periods:
- Enrollment Changes – Friday, 6 March 2015 1p.m. PT to Friday, 27 March 2015
- Share Transfers – Thursday, 2 April 2015 1p.m. PT to Friday, 1 May 2015
- Share Sales – Friday, 10 April 2015 1p.m. PT to Friday, 1 May 2015
Gee, I did not know Cruz was the Harvard Law Review editor? And how come he didn't get the summa cum laude at Harvard?
G7 home ownership is about the same as USA per wiki, near 60% +/-. Interesting that the highest rate are the old Eastern Block states. With home prices recovery, home owners have a nice safety net, like us before the housing bubble:
1 Romania 96.6
2 Lithuania 91.9
3 Hungary 90.5
3 Singapore 90.5
5 Slovakia 90.4
6 China 90
7 Croatia 89.5
8 Bulgaria 87.4
9 India 86.6
10 Norway 84.8
11 Russia 84.0
12 Poland 82.4
13 Estonia 82.2
14 Malta 81.8
15 Latvia 81.2
16 Czech Republic 80.4
17 Mexico 80
and screwed up by the CEOs. Blame it on the strong $. Recall Carl's old excuse was the same thing.
OPEC meeting last week maintained their output in order to drive down prices to curb the production of North America. Regardless, OPEC will have to watch for the production costs of those wells instead of having a monopoly and raise prices unimpeded.
Amazing that prices are so cheap ... no way Dell can make much money after paying $50 to Msft for Win 8.1. Again, no wonder Meg is running away from the competition.
Other than Jerry Brown as Governor, I voted against all incumbents and they still won in nearly all contests from Congress to local officials.
Fluke is a newbie and she might win an office in Northern California but might not as her opponents/incumbents all matched her feminism and ideals.