IBM Reports Better-Than-Expected Results

IBM (NYSE:IBM) reported Q4 EPS of $4.71, topping consensus estimates of $4.62.Revenues in the quarter came in at $29.49 billion, slightly below estimates for $29.71 billion.The company is forecasting 2012 EPS of at least $14.85, vs. consensus estimates of $14.81.The company added that its services backlog rose $4 billion, to $141 billion.

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