IBM Reports 2011 Fourth-Quarter and Full-Year Results

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Fourth-Quarter 2011: * Diluted EPS: o GAAP: $4.62, up 11 percent; o Operating (non-GAAP): $4.71, up 11 percent; * Net income: o GAAP: $5.5 billion, up 4 percent; o Operating (non-GAAP): $5.6 billion, up 5 percent; * Gross profit margin: o GAAP: 49.9 percent, up 0.9 points; o Operating (non-GAAP): 50.2 percent, up 1.1 points; * Revenue of $29.5 billion, up 2 percent as reported, 1 percent adjusting for currency; * Software revenue up 9 percent; * Global Technology Services revenue up 3 percent; * Global Business Services revenue up 3 percent, 2 percent adjusting for currency; * Services backlog of $141 billion, up $4 billion as reported, up $5 billion adjusting for currency, quarter to quarter; * Systems and Technology revenue down 8 percent.Full-Year 2011: * Diluted EPS, up double-digits for 9th consecutive year; o GAAP: $13.06, up 13 percent; o Operating (non-GAAP): $13.44, up 15 percent; * Net income: o GAAP: $15.9 billion, up 7 percent; o Operating (non-GAAP): $16.3 billion, up 9 percent; * Revenue of $106.9 billion, up 7 percent, up 3 percent adjusting for currency; * Free cash flow of $16.6 billion, up $300 million; * Growth markets revenue up 16 percent, up 11 percent adjusting for currency; * Business analytics revenue up 16 percent; * Smarter Planet revenue up 47 percent; * Cloud revenue more than tripled 2010 revenue.Full-Year 2012 Expectation: * GAAP EPS of at least $14.16 and operating (non-GAAP) EPS of at least $14.85. E-mail this page Save to del.icio.us Digg this

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