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).