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Big Blue bodes well


IBM has helped to boost US and world economic confidence by posting strong growth in revenue and profits for the fourth quarter of 2007 and the year as a whole. 

The company reported fourth-quarter revenue of $28,9-billion, an increase of 10% over the fourth quarter of 2006.
In addition, Big Blue reported full-year 2007 revenue of $98,8 billion, an increase of 8%,.
IBM’s cash balance at the end of 2007 was more than $16-billion, with strong free cash flow performance.
“The broad scope of IBM’s global business – led by strong operational performance in Asia, Europe and emerging countries – drove these outstanding results,” says Samuel Palmisano, IBM chairman, president and CEO.
"IBM is well-positioned as we begin 2008 as a result of our global business reach, solid recurring revenue stream and strong financial position. We are on track to achieve our long-term earnings-per-share roadmap objective in 2010.”
Full results will be available on January 17.