IBM posts Q4 profit growth in spite of stagnant sales

01/23/2013 | New York Times (tiered subscription model), The

IBM reported net income of $5.8 billion in the fourth quarter of 2012, easily besting analyst estimates and pushing the company's stock up as much as $8.72 per share in after-hours trading. In spite of a steady increase in profits, sales remained flat, with revenue roughly the same as last year. Big Blue attributed the sales stagnation to its transition to complete enterprise solutions that combine software, hardware and industry expertise, such as its data analytics initiative, which saw double-digit growth during the quarter.

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