ARMONK, N.Y. - 22 Jan 2013: Fourth-Quarter 2012:

 

·        Diluted EPS:

- GAAP: $5.13, up 11 percent;

- Operating (non-GAAP): $5.39, up 14 percent;

·        Net income:

- GAAP: $5.8 billion, up 6 percent;

- Operating (non-GAAP): $6.1 billion, up 10 percent;

·        Gross profit margin:

- GAAP: 51.8 percent, up 1.8 points; 

- Operating (non-GAAP): 52.3 percent, up 2.1 points;

·        Revenue of $29.3 billion, down 1 percent, flat adjusting for currency:

-  Up 1 percent excluding divested RSS business adjusting for currency;

·        Free cash flow of $9.5 billion, up $0.6 billion;

·        Software revenue up 3 percent, up 4 percent adjusting for currency;

·        Services revenue down 2 percent, down 1 percent adjusting for currency;

·        Services backlog of $140 billion, flat, up $1 billion adjusting for currency;

·        Systems and Technology revenue down 1 percent, up 4 percent excluding RSS:

- System z mainframe up 56 percent.

 

Full-Year 2012: 

·        Diluted EPS, up double-digits for 10th consecutive year:

- GAAP: $14.37, up 10 percent;

- Operating (non-GAAP): $15.25, up 13 percent;

·        Net income:

- GAAP: $16.6 billion, up 5 percent;

- Operating (non-GAAP): $17.6 billion, up 8 percent;

·        Revenue of $104.5 billion, down 2 percent, flat adjusting for currency;

·        Free cash flow of $18.2 billion, up $1.6 billion;

 

 

- BRIC countries up 7 percent, up 12 percent adjusting for currency;

·        Business analytics revenue up 13 percent;

·        Smarter Planet revenue up more than 25 percent;

·        Cloud revenue up 80 percent. 

Full-Year 2013 Expectation:

·        GAAP EPS of at least $15.53 and operating (non-GAAP) EPS of at least $16.70.

IBM (NYSE: IBM) today announced fourth-quarter 2012 diluted earnings of $5.13 per share, compared with diluted earnings of $4.62 per share in the fourth quarter of 2011, an increase of 11 percent. Operating (non-GAAP) diluted earnings were $5.39 per share, compared with operating diluted earnings of $4.71 per share in the fourth quarter of 2011, an increase of 14 percent.

Fourth-quarter net income was $5.8 billion compared with $5.5 billion in the fourth quarter of 2011, an increase of 6 percent.  Operating (non-GAAP) net income was $6.1 billion compared with $5.6 billion in the fourth quarter of 2011, an increase of 10 percent.

 

 

 

 

 

 

 

 

www.ibm.com/investor/4q12. Presentation charts will be available on the Web site shortly before the Webcast.  

 

Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts).