Big Blue bleeds more red in Q4, promises better days to come

The fourth quarter of IBM's fiscal 2014 was a disappointing cap on a year that saw Big Blue's revenues and income both decline significantly since 2013. Total revenues for the quarter were $24.1bn, which was 12 per cent lower than the same period a year ago and missed analysts' expectations. Revenues for the full year didn't …

[Anonymous Coward]

"Bleeds red"?

Red in most accounting parlance means losses. IBM made money. Maybe not as much as they would like, or their stockholders would like, or Wall Street would like.... but they still made money.

They had almost a 23% margin, which many sectors of the economy can only dream about.

[Matt Bryant]

Re: AC Re: "Bleeds red"?

".....IBM made money....." Yeah, all those reports of dropping sales figures in all sectors - nothing to worry about! The big question is did Sam leave Ginny any of the family silver to sell off, or has it all gone?

[Man Mountain]

The IBMer getting very defensive there! 23% margin in the sectors that IBM remains in is nothing to write home about! Wasn't their justification for selling off all the bits that have gone that they wanted to focus on higher margin areas? IBM have a number (a declining number) of customers welded to them, but I don't see them winning any new business anywhere! This downward spiral doesn't look like finishing any time soon.

[Anonymous Coward]

Nope

Not IBMer. I work for a non-profit in healthcare. And if 23% margin is nothing to write home about then we need to double the minimum raise.

[Anonymous Coward]

accountants killing a (once) great company

see title

[Anonymous Coward]

Maybe they shouldn't have been so quick to dump OS/2.