IBM Revenue Tops $104 Billion in 2012
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IBM reported its fourth quarter fiscal 2012 and full year results on Tuesday, showing growth in a number of high-value segments.
For the full year, IBM's revenue came in at $104.5 billion, which is a 2 percent year over year decline. Net Income for the year was reported at $16.6 billion, which is a 5 percent year-over-year gain. IBM's full results were propelled by a strong fourth quarter, with quarterly revenue of $29.3 billion and net income of $5.8 billion.
"Looking at our fourth quarter by segment, our performance was led by continued momentum in our growth initiatives and successful product launches in our high end systems," Mark Loughridge, SVP and CFO of IBM, said during the company's earnings call.