The earnings for the last quarter of the year 2011 jumped up by a humongous 7%. The conglomerate ended up earning an exceptional revenue of $29-billion for the quarter ending in the month of December.

If compared on a year on basis, IBM saw profits jumping by 16% to the same month of previous year. Net income increased to $5.3-billion for the quarter, which is a hike of $0.5-million, when compared to the previous total of $.48- billion. It was an increase of 9% for the organization.

Meanwhile, the annual net income was reported to be at $14.8-billion, in contrast the year 2009 had witnessed a net income of $13.4-billion. The total year on increase amounts to $1.4-billion, which is an estimated 10% rise.

Diluted profits from shares also increased by $1.51 per share to reach $11.52 from the $10.01 valuations for the year 2009. The overall revenue for IBM has come of to be at a breathtaking $99.9-billion.

Talking about the brilliant results for the year and the quarter, the Chief Executive Officer for IBM, Samuel J. Palmisano informed that the successful year ended with increasing profits and business. He further informed that the previous decade had witnessed IBM acquiring more than 116-companies, and investing a massive $60-billion in R&D.

It was able to return an approximate $100-billion to its stakeholders during this time.