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When it leads to profits, performance trumps everything.
So, while Revenue and profits performance was in line with our estimates, the cash conversion rate weakness is a concern".
Last month a much-watched index of business confidence rose by more than analysts had expected, perhaps because of the strong profits performance that was evident when the latest set of quarterly results were announced.
"These reports together raise some big concerns: the quasi-monopolies that have sprung up in some parts of the public sector; the lack of transparency over profits, performance and tax paid; the inhibiting of whistleblowers; the length of contracts that taxpayers are being tied into, and the number of contracts that are not subject to proper competition.
Similar(56)
"There's a violence to profit performance".
In a statement, Virginia M. Rometty, I.B.M.'s chief executive, pointed to the solid profit performance.
The profit performance was 5 cents below expectations of $3.05 a share, as compiled by Thomson Reuters.
"This environment, exacerbated by the seasonally slow third quarter, hurt our profit performance".
The profit performance surpassed the $2.58 a share consensus estimate of Wall Street analysts, as compiled by Thomson Reuters.
It is now examining how many more could be rejigged to bolster its struggling sales and profit performance.
Traders will be scanning their statements carefully for clues to their profit performance in the months ahead.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com