Tech

IBM reports Q4 revenue of $16.69B, flat YoY, vs. $16.4B est., net income up 16% YoY to $2.71B, and software revenue up 2.8% YoY to $7.29B, vs. $7.12B est. (Jordan Novet/CNBC)




Jordan Novet / CNBC:

IBM reports Q4 revenue of $16.69 billion, unchanged year-over-year, versus $16.4 billion estimate, net income up 16% year-on-year to $2.71 billion dollars, and software revenue grew 2.8% year-over-year to $7.29 billion, versus an estimate of $7.12 billion.— – IBM managed to avoid a drop in revenue. — The Group acquired another consulting firm in the fourth quarter.

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