IBM posts higher 4Q net income
by The Associated Press
February 03, 2014 12:00 AM | 286 views | 0 0 comments | 4 4 recommendations | email to a friend | print
IBM's fourth-quarter net income grew 6 percent, surpassing Wall Street's expectations even though revenue declined. Its shares fell in extended trading after the results came out - and CEO Ginni Rometty said she's recommending that senior executives, including herself, forgo personal bonuses for the year.

IBM Corp. said Tuesday that it earned $6.19 billion, or $5.73 per share, in the October-December period. That's up from $5.83 billion, or $5.13 per share, in the same period a year earlier. Results benefited from tax audit settlements that lowered IBM's tax rate to 11.2 percent in the quarter, from 25.5 percent a year earlier.

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