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International Business Machines Corp. (NYSE:IBM) reported a partnership to syndicate mobile communications and cloud computing for the remote management of ?smart home? appliances.
It also revealed a new cloud platform for consumer electronics firms and declared it will power the Philips Smart TV platform for Internet services, which will supply greater interactive services to millions of TV viewers in more than 30 countries in Europe, as well as Argentina and Brazil.
International Business Machines Corp. (NYSE:IBM) stock in last session held volume of 3.19 million shares as compared to its average volume 2.91 million shares. The stock after opening at $194.31 hit high price of $195.95 and then closed at $194.85 by scoring +0.77%.
As the revenue measures IBM generated revenue of 106.10 billion in the following twelve months income of $16.27 billion. The Company showed a positive 15.34% in the net profit margin and in addition to in its operating margin which remained 20.07%. Company?s annual sales growth for the past five year was 3.18%.
The stock showed weekly downbeat performance of -1.48% which was maintained for the month at +0.64%. Likewise the positive performance for the quarter was recorded as +3.79% and for the year was +16.28% while the YTD performance remained at +7.28%.
The IBM past twelve months price to sales ratio was 2.10 and price to cash ratio remained 19.90. As far as the returns are concern, the IBM return on equity was recorded as +74.65% and increased 21.93% returns on investment while its return on asset stayed at 14.32%.
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