International Business Machines Corp (IBM)’s Fourth Quarter 2014 Results Earnings Call Transcript

Below is the International Business Machines Corp. (NYSE:IBM)’s Fourth Quarter 2014 Results Earnings Call transcript, held on January 20, 2015 at 4:30 p.m. ET.

International Business Machines, is IBM a good stock to buy, Big Blue, cloud, Martin Schroeter,

The International Business Machines Corp. (NYSE:IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York, United States. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

Company Executives:

Patricia Murphy, Vice President, Investor Relations, IBM
Martin Schroeter, Senior Vice President and Chief Financial Officer, IBM


Katy Huberty, Morgan Stanley
Toni Sacconaghi, Bernstein
Steve Milunovich, UBS
Bill Shope, Goldman Sachs
Benjamin Reitzes, Barclays
Brian White, Cantor Fitzgerald
Tien-Tsin Huang, J.P. Morgan
Joseph Foresi, Janney Montgomery Scott
David Grossman, Stifel Nicolaus
Amit Daryanani, RBC Capital Markets


Welcome and thank you for standing by. Today’s conference is being recorded. If you have any objections, you may disconnect at this time. Now, I will turn the meeting over to Ms. Patricia Murphy, Vice President of Investor Relations. Ma’am, you may begin.

Patricia Murphy, Vice President, Investor Relations

Thank you. This is Patricia Murphy, Vice President of Investor Relations for IBM. I’m here today with Martin Schroeter, IBM’s Senior Vice President and Chief Financial Officer. I want to welcome you to our Fourth Quarter Earnings Presentation. Prepared remarks will be available within a couple of hours and a replay of the webcast will be posted by this time tomorrow. I’ll remind you that certain comments made in this presentation may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. Those statements involve a number of factors that could cause actual results to differ materially. Additional information concerning these factors is contained in the company’s filings with the SEC. Copies are available from the SEC, from the IBM website, or from us in Investor Relations.

Our presentation also includes certain non-GAAP financial measures, in an effort to provide additional information to investors. All non-GAAP measures have been reconciled to their related GAAP measures in accordance with SEC rules. You will find reconciliation charts at the end of the presentation and in the Form 8-K submitted to the SEC. Now, I’ll turn the call over to Martin Schroeter.

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