Overview - IBM Corporation Financial Profile - December 2008
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Recent Highlights - 4Q 2008
- Delivered 17% Yr/Yr EPS growth in 4Q'08, 24% Yr/Yr EPS growth in FY'08
- Improved pre-tax margin of 2.5 points, led by Services and Software
- Productivity initiatives in place to improve IBM's balance point and drive margin expansion in 2009
- Good cash performance, ending the year in a strong Financial position
- Expect FY'09 EPS of at least $9.20
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Five Year Summary



In an effort to provide additional and useful information regarding the company’s results as determined by generally accepted accounting principles (GAAP), these materials contain the following non-GAAP financial measures: (i) revenue at constant currency and (ii) net cash from operations excluding Global Financing receivables. For reconciliation to GAAP and other information about (i) revenue at constant currency and (ii) net cash from operations excluding Global Financing receivables, in each case for 4Q 2008 and FY 2008, see "Non GAAP Supplementary Materials" in the Form 8K submitted to the SEC on January 20, 2009.
