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IBM Rides Double-Digit Sales Growth To $200

In its quarterly earning released on Monday, IBM reported revenues of $26.7 billion – up 12% from the same period last year. With IBM reporting its 4th consecutive quarter of double digit revenue growth, its shares have marched higher since its announcement. The stock is up nearly 50% in the last year surpassing Microsoft as the second largest technology company by market cap behind Apple. IBM’s primary competitors include HP, Dell and Oracle.

 

Stock Futures Rise; RIMM Up 11%

U.S. stock futures rose as better-than-expected earnings reports from Research In Motion and Oracle late Thursday reinforced confidence in the ability of companies to increase profits next year.

 

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