NEW YORK, June 5, 2002 (PRIMEZONE) -- StockDiagnostics.com announces that International Business Machines Corporation sets OPS (Operational-cashflow per share) records for its first quarter, six-months and twelve-months ended March 31, 2002. OPS increased 39% for the three-months, 14% for the six-months and 49% for 12-months ended March 31, 2002 over the comparable periods ended March 31, 2001.
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For the first quarter ended March 31, 2002, IBM's computed OPS was $1.55, an increase of 40% over its OPS of $1.11 for its first quarter ended March 31, 2001.
For the six-months ended March 31, 2002, IBM's OPS increased to $4.36 an increase of 14% as compared to its OPS of $3.83 for the six-months ended March 31, 2001.
For IBM's trailing 12-months ended March 31, 2002, its OPS increased 49% to OPS of $8.69 as compared to its OPS of $5.84 per share for the comparable trailing 12-months ended March 31, 2001.
What is OPS?
OPS (TM) stands for "Operational-cashflow Per Share". It is derived from the line item "Cash Flow from Operations" which appears in a company's quarterly and annual Cash Flow Statements filed with the Securities & Exchange Commission. "OPS" is calculated by dividing a company's Cash Flow from Operations by the total number of shares outstanding. After conducting in-depth research on Operational-cashflow Per Share, StockDiagnostics.com determined that OPS could be used to measure the quality of a company's EPS and for monitoring its overall financial health. Cash Flow from Operations is a company's financial lifeblood and a sudden decrease in it can drain this lifeblood, causing an increase in debt, share dilution, share price erosion, and in the more extreme cases, bankruptcy. For more information on OPS go to: http://www.stockdiagnostics.com/member/ops.htm
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StockDiagnostics.com has designed and built a proprietary data refinery that automates the process of collecting, sorting, and organizing large amounts of securities pricing and financial data into comparative financial ratios. These ratios are used to identify Financial Statement and securities pricing variances or anomalies and to monitor changes in the performance of public companies. For more information on StockDiagnostics.com go to: http://www.stockdiagnostics.com/member/help.htm#a1
OPS, OPS Ratings, and The EPS Syndrome are all Trademarks (TM) of StockDiagnostics.com.