IBM Reports Revenues Of $29.3 Billion For Q4 2012

Earlier this week International Business Machines (IBM) released their Q4 2012 financial results. IBM reported $29.3 billion for their Q4 revenues, which is down 1%.  Their EPS was $5.39 compared to $4.71 per share in Q4 2011.  This is an increase of 14%.  The company reported a GAAP net income of $5.8 billion, which is up 6% from the year before.  Their non-GAAP net income was $6.1 billion.  IBM was expected to report an EPS of $5.25 per share and analysts were expecting revenues to slip 1.2% to $29.1 billion.  

The company’s net income for the year ended December 31, 2012 was $16.6 billion compared to $15.9 billion the year before.  Overall their net income grew 5% from the year before.  Their operating (non-GAAP) net income was $17.6 billion, which is 8% higher than the $16.3 billion figure from 2011.  

The company’s software revenue was $7.9 billion for the quarter ($25.44 billion for the year).  Their services revenue was $10.28 billion for the quarter ($18.5 billion for the year).  IBM’s Systems and Technology division for the quarter was $5.76 billion ($17.66 billion for the year).

[Source: TechCrunch]

 

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