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IBM’s agree to $ 4 billion for an additional program to buy back shares
The Board of Directors of IBM to use $ 4 billion to buy back shares of the company program, in addition to the distribution of quarterly cash dividend of $ 1.30 per share consolidated.
The amount of four billion dollars as an addition to the $ 2.4 billion of the remaining $ 5 billion, IBM was approved last year in order to buy back the company’s shares.
IBM said it will repurchase shares on the open market or in private transactions from time to time, depending on market conditions, share price IBM fell slightly after the announcement of the repurchase on the spot.
She chief executive of the company Jenny Romiti in a statement that profits and stock repurchase operations benefit the shareholders in the company.
We Jenny “We are committed to working in accordance with the supreme value strategy and fueled by innovation and transformation to good growth potential sectors,” and continued, “We are business management for a long period of time and we will continue to give shareholders a great value through the distribution of profits and operations to buy back stock.”
The IBM company has already spent $ 1.5 billion in stock repurchases during the third quarter of the fiscal year that recently released its report.
And paid mixed results and direction of the company in 2015 to lower the company’s shares last week to the lowest level during the past five years.
And counts IBM’s new business units such as cognitive computing and consolidate Mahzvtha cloud in order to increase revenue over the long term, and will grow to those necessary modules for IBM to compensate and reverse the stagnation in other business units such as steel gear, software and services.
IBM revealed today that the Commission on the Securities and Exchange check in company accounts identifying revenue in its own financial statements, and were the result of rapid detection where stocks also fell 3%.Viewing:-151
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