Pedestrians pass a video advertisement for IBM in Massachusetts. Brian Snyder/Reuters
Pedestrians pass a video advertisement for IBM in Massachusetts. Brian Snyder/Reuters
Pedestrians pass a video advertisement for IBM in Massachusetts. Brian Snyder/Reuters
Pedestrians pass a video advertisement for IBM in Massachusetts. Brian Snyder/Reuters

IBM slips into the black but revenues beat forecasts


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IBM reported its first quarter of revenue growth in more than five years as the company ramps up its cloud computing business and looks for new opportunities from its investments in artificial intelligence.

"Over the past several years we have invested aggressively in technology and our people to reposition IBM," James Kavanaugh, IBM's new chief financial officer, said after the company reported its fourth-quarter earnings.

The company still reported a quarterly loss of US$1.05 billion, reflecting a $5.5bn charge associated with recent tax legislation. IBM reported a $4.5bn profit in the same period a year earlier.

The technology and consulting company posted revenue of $22.54bn in the period, which topped Wall Street forecasts. Six analysts surveyed by Zacks expected $21.96bn.

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For the year, the company reported profit of $5.75bn, or $6.14 per share, down from $11.87bn, or $12.38 a share, in 2016. Annual revenue for 2017 was $79.14bn.

On a per-share basis, the Armonk, New York-based company said it had a quarterly loss of $1.14. Adjusted for pretax expenses and non-recurring costs, IBM reported a quarterly profit of $5.18 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for an adjusted profit of $5.17 per share.

IBM shares have risen 10 per cent since the beginning of the year, while the Standard & Poor's 500 index has increased about 5 per cent.

No more lice

Defining head lice

Pediculus humanus capitis are tiny wingless insects that feed on blood from the human scalp. The adult head louse is up to 3mm long, has six legs, and is tan to greyish-white in colour. The female lives up to four weeks and, once mature, can lay up to 10 eggs per day. These tiny nits firmly attach to the base of the hair shaft, get incubated by body heat and hatch in eight days or so.

Identifying lice

Lice can be identified by itching or a tickling sensation of something moving within the hair. One can confirm that a person has lice by looking closely through the hair and scalp for nits, nymphs or lice. Head lice are most frequently located behind the ears and near the neckline.

Treating lice at home

Head lice must be treated as soon as they are spotted. Start by checking everyone in the family for them, then follow these steps. Remove and wash all clothing and bedding with hot water. Apply medicine according to the label instructions. If some live lice are still found eight to 12 hours after treatment, but are moving more slowly than before, do not re-treat. Comb dead and remaining live lice out of the hair using a fine-toothed comb.
After the initial treatment, check for, comb and remove nits and lice from hair every two to three days. Soak combs and brushes in hot water for 10 minutes.Vacuum the floor and furniture, particularly where the infested person sat or lay.

Courtesy Dr Vishal Rajmal Mehta, specialist paediatrics, RAK Hospital

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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match info

Chelsea 2
Willian (13'), Ross Barkley (64')

Liverpool 0

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

THE BIO:

Sabri Razouk, 74

Athlete and fitness trainer 

Married, father of six

Favourite exercise: Bench press

Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn

Power drink: A glass of yoghurt

Role model: Any good man