IIM's q4 profits for 2018 were $780 million. This was up 24% from the previous quarter and marked the company's strongest quarter of the year. The main drivers of this growth were higher sales and margins in the iPhone and Services businesses. iPhone revenue was up 29% year-over-year, while Services revenue grew by 19%. Margins also expanded across the board, with gross margin rising to 38.5% and operating margin increasing to 25.1%.
Looking ahead, IIM is well-positioned for continued success in 2019. The company is launching several new products and services, including a new streaming service, Apple TV+, and a credit card, Apple Card. Both of these new offerings have the potential to be significant growth drivers in the coming year. In addition, IIM is continuing to invest in its core businesses, with a focus on expanding its product lineup and increasing its presence in key markets around the world. As a result, we believe the company is on track to deliver strong financial results in 2019 and beyond.
How much did IIM's profits increase or decrease by in Q4 2018?
IIM's profits increased by 8.4% in Q4 2018. This was driven by increased revenue and cost savings. IIM's top line grew by 11.6% to Rs 1,916 crore while its bottom line improved to Rs 1,290 crore. The company's operating margin expanded by 340 basis points to 68.1%.
IIM's cost of goods sold (COGS) as a percentage of sales declined by 320 basis points to 41.5%, while its employee expenses as a percentage of sales decreased by 170 basis points to 20.6%. Other expenses as a percentage of sales also came down by 30 basis points.
IIM's PAT margin improved by 390 basis points to 67.4% in Q4 FY18.
The company's stock price has reacted positively to the strong Q4 results, and is up by 5% since the announcement.
How much did IIM's profits increase or decrease by in 2018?
In 2018, IIM experienced an increase in profits of 10%. This was a result of strong growth in their core markets, as well as expansion into new markets. Additionally, IIM implemented cost-saving measures which helped to boost their bottom line. Overall, 2018 was a very successful year for IIM and their shareholders.
Frequently Asked Questions
What did IBM’s Q4 earnings beat expectations?
IBM’s revenue grew faster than the global average in Q4, despite the overall decline in industry revenue. The company’s software offerings drove strong gains in revenues for the quarter and fiscal year 2018. These were offset partially by declines in hardware sales due to increased focus on cloud technology and other areas of growth. What is IBM doing differently this quarter? The company said it invested heavily in new software, including a new system designed to help accelerate workloads across companies. This move is seen as an attempt to counter recent competitors such as Google (GOOGL) which are sinking billions of dollars into artificial intelligence and machine learning.
How did IBM's Global Financing perform in Q4 2019?
Global Financing, which includes financing and used equipment sales, brought in Q4 revenues of $402 million, down 11 percent. For the full year 2019, IBM expects a non-GAAP EPS of at least $13.90.
How much did earnings increase in fiscal year 2018?
The vast majority of this increase in earnings came from increased non-GAAP earnings and diluted EPS. Reported earnings were up by 2 percent, as overall revenues continued to grow. Operating costs also decreased, partly due to the company's aggressive cost-cutting initiatives.
How did Medtronic's revenue and earnings perform in 2018?
In 2018, Medtronic's revenue increased 4.6 percent on an organic basis, adjusting for the divestiture, acquisitions, and the $494 million positive impact from foreign currency. As reported, fiscal year 2018 net earnings were $3.104 billion or $2.27 per diluted share.
What was IBM’s Q4 Earnings per share?
IBM’s Q4 earnings per share was $4.87.
