Ibm’S Q4 Revenue Up 2 Percent To $29.5B; Net Income Up 4 Percent To $5

[Spartan]

IBM just [url="http://www.businesswire.com/news/home/20120119006537/en/IBM-Reports-2011-Fourth-Quarter-Full-Year-Results"]released[/url] fourth quarter and fiscal year 2011 earnings today. Non-GAAP earnings came in at $4.71, up 11 percent; GAAP earnings per share were $4.62 per share (up 11 percent) for the quarter. Net income for the quarter was $5.5 billion, up 4 percent for the quarter, with revenue coming in at $29.5 billion, up 2 percent from the previous year. Analysts [url="http://www.cbsnews.com/8301-505245_162-57361686/ahead-of-the-bell-ibm-to-report-4q-results/"]expected earnings[/url] of $4.62 a share on revenue of $29.7 billion. So basically, sales missed but profits beat expectations.
Revenues from the Software segment were $7.6 billion, an increase of 9 percent. But revenues from IBM’s hardware systems and technology segment totaled $5.8 billion for the quarter, down 8 percent from the fourth quarter of 2010.


http://techcrunch.com/2012/01/19/ibms-q4-revenue-up-2-percent-to-29-5b-net-income-up-4-percent-to-5-5b/