IBM exceeds analyst forecasts during Q4 2012, with net income growing by 10% Y-o-Y to $6.1 billion and total revenues dipping by -1% Y-o-Y to $29.3bn.
EMEA revenues are also down, dropping by -5% Y-o-Y to $9.1bn.
One can attribute such earnings to the IBM bet on vertical hardware and software integration. According to Discern analyst Cindy Shaw IBM is strong in "hot growth markets" (data analytics, cloud, emerging markets) and investments in so-called "smarter planet" solutions such as traffic, power grids and food production.
IBM sees growth in Read more...