IBM Grants Rometty Record Bonus for 2016 After Shares Recover

IBM Chief Executive Officer Ginni Rometty got her biggest bonus as head of the company last year after the shares rose about 21 percent, the first annual gain in four years. Rometty received a $4.95 million payout under her annual incentive plan, the largest since she was named CEO of International Business Machines Corp. in 2012, according to a regulatory filing from the Armonk, New York-based company.

IBM Grants Rometty Record Bonus for 2016 After Shares Recover

IBM Chief Executive Officer Ginni Rometty got her biggest bonus as head of the company last year after the shares rose about 21 percent, the first annual gain in four years. Rometty received a $4.95 million payout under her annual incentive plan, the largest since she was named CEO of International Business Machines Corp. in 2012, according to a regulatory filing from the Armonk, New York-based company.

Cloud and cognitive computing fails to save IBM from 19th quarter of declining revenue

IBM yet again reported a quarter of declining revenue, making it the 19th consecutive quarter where the company has seen its revenue fall. The company from Armonk, N.Y., reported that fourth quarter revenue fell 1% from the year-ago period to $21.8bn, however, positive news came in the form of its net profit growing by 1% to around $4.5bn.

IBM reports better-than-expected Q4 results; forecast beats

International Business Machines Corp forecast full-year earnings above Wall Street estimates and reported better-than-expected quarterly revenue, helped by growth in newer areas such as cloud-based services and analytics. The Armonk, New York-based company forecast adjusted earnings of at least $13.80 per share for fiscal 2017, beating the average analyst estimate of $13.74, according to Thomson Reuters I/B/E/S.

IBM Revenue Declines Again

International Business Machines Corp. notched its 19th consecutive quarter of falling revenue, year on year, as it struggles to offset declines in older businesses with sales in younger ones that are growing at a rapid clip. The Armonk, N.Y., computing giant said its fourth-quarter 2016 net profit edged up 0.9% as it posted $21.77 billion in revenue.