At market close on January 19th, IBM Corp. (NYSE:IBM) reported 4Q16 earnings. For the sixth quarter in a row, IBM managed to beat top and bottom line expectations.
Revenues of $21.8 billion in the quarter exceeded consensus expectations' $21.64 billion, and represented a largely expected YOY decrease of about -1%. Adjusted (i.e. operating) EPS of $5.01 beat expectations by a wide margin of 13 cents - up +4%, which is an improvement from a non-GAAP YOY contraction of -1% last quarter. GAAP EPS came in at $4.73, and includes acquisition and retirement-related adjustments.
