I B M Q4 Earnings

[Ranga_The_Donga]

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[b]Fourth-Quarter 2012:[/b][/size][/font][/color][list]
[*]Diluted EPS:
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[*]GAAP: $5.13, up 11 percent;
[*]Operating (non-GAAP): $5.39, up 14 percent;
[/list][*]Net income:
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[*]GAAP: $5.8 billion, up 6 percent;
[*]Operating (non-GAAP): $6.1 billion, up 10 percent;
[/list][*]Gross profit margin:
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[*]GAAP: 51.8 percent, up 1.8 points;
[*]Operating (non-GAAP): 52.3 percent, up 2.1 points;
[/list][*]Revenue of $29.3 billion, down 1 percent, flat adjusting for currency:
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[*]Up 1 percent excluding divested RSS business adjusting for currency;
[/list][*]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:
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[*]System z mainframe up 56 percent.
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