IBM Up, Google (Relatively) Down for 2011 Q4
ADOTAS – Tech powerhouse IBM today released its Q4 results — and wow, did they beat the Street. Non-GAAP earnings came in at $4.71 (GAAP earnings per share were $4.62). Revenues from the software segment were $7.6 billion, an increase of 11 percent over last year. IBM named Ginni Rometty new president and CEO in Q4, replacing Samuel Palmisano. See a full release here.
Meanwhile, Google released its Q4 results today (the same day as Microsoft, IBM, and Intel), and it badly missed Wall Street expectations. The Street was looking for $10.49 in non-GAAP earnings per share and $8.40 billion in revenue. Google’s earnings per share of $9.50 and net revenue of $8.13 billion were a rare miss for the teach giant. On a positive note, Google CEO Larry Page points out that the company rose over $10 billion (including traffic acquisition costs) for the first time ever. The company also claims that it has 90 million users on Google+. See the release here.
Shares are down roughly 8 percent. Time to buy Google?
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