Vodafone, revenues rose 14 percent in the fourth quarter to 10.47 billion pounds ($15 billion)

Vodafone Group has released its Interim Management Statement for the quarter ended 31 December 2008.

(Source Yahoo) Mobile phone service provider Vodafone Group PLC saw its shares rise 6.6 percent after it said revenues rose 14 percent in the fourth quarter to 10.47 billion pounds ($15 billion), compared to the same period a year earlier. The rise was led by a 28-percent gain in its Asia, Pacific and Middle East operations.

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U.S. GDP decreased at an annual rate of 3.8 percent in the fourth quarter of 2008

Latest Measure of the Nation's Economy, Q4 GDP down 3.8 percent, biggest drop since 1982

Gross Domestic Product (GDP) measures the market value of the entire nation’s goods and services produced by labor and property in the United States. (Gross Domestic Product News Release)
GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (ADVANCE)

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 3.8 percent in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to advance estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent.

Royal Philips Electronics, 4th Quarter Results 2008, Disappointing

Royal Philips Electronics, 4th Quarter Results 2008.

The 4th Quarter 2008 for Philips has been disappointing, first quarter loss since 2003.

Today at 7:00AM CET (Dutch time), Royal Philips Electronics announced its financial results for the fourth quarter of 2008. Please find below full details. (Check out the website)
A conference call with Gerard Kleisterlee, President & CEO, and Pierre-Jean Sivignon, Chief Financial Officer, to discuss the results starts at 9:15AM CET today. A live audio webcast of the conference call will be available through the link below. This audio webcast will remain available for replay for 1 year (accessible today at approximately 12:00PM CET). Furthermore a transcript of this call will be published here soon.


Financial report (Downloadable PDF)

* 2008 - Fourth Quarterly Report

Presentation (Downloadable PDF)

* 2008 - Fourth Quarter Results Presentation

IBM forecasts surprisinglly good earnings for 2009

IBM Reports 2008 Fourth-Quarter and Full-Year Results
IBM forecasts surprisinglly good earnings for 2009

(ARMONK, NY - 20 Jan 2009)

Full-Year 2008:

* Record revenue of $103.6 billion;
* Record pre-tax profit of $16.7 billion;
* Record earnings per share of $8.93;
* Record free cash flow of $14.3 billion, up $1.9 billion, excluding Global Financing receivables.

Full-Year 2009:

* Earnings-per-share expectation of at least $9.20.

Fourth-Quarter 2008:

* Diluted earnings of $3.28 per share, up 17 percent;
* Net income of $4.4 billion, up 12 percent;
* Gross profit margin of 47.9 percent, up 3 points;
* Revenue of $27.0 billion, impacted by strong U.S. dollar, down 6 percent, down 1 percent adjusting for currency;
* Software revenues up 3 percent, up 9 percent adjusting for currency; pre-tax income up 15 percent;
* Global Technology Services revenue down 4 percent, up 3 percent adjusting for currency; pre-tax income up 35 percent;
* Global Business Services revenues down 5 percent, flat adjusting for currency; pre-tax income up 26 percent;
* Services signings of $17.2 billion, 24 deals greater than $100 million;
* Strategic outsourcing signings up 20 percent worldwide, up 44 percent in North America.

For the full press release, go to the website...