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Operating (non-GAAP): $18.0 billion, up 2 percent;
Software, Services and Global Financing each increased segment profit:
Software: $11.1 billion, up approximately $300 million;
Services: $10.2 billion, up more than $250 million;
Global Financing: $2.2 billion, up more than $100 million;
Systems and Technology segment profit declined $1.7 billion, to a loss of more than $500 million;
Revenue of $99.8 billion, down 5 percent, down 2 percent adjusting for currency;
Business Analytics revenue of $15.7 billion, up 9 percent;
Smarter Planet revenue up approximately 20 percent;
Cloud revenue of $4.4 billion, up 69 percent:
Fourth-quarter annual revenue run rate of more than $2 billion delivered as a service;
Free cash flow of $15.0 billion.
Full-Year 2014 Expectation:
GAAP EPS of at least $17.00. Operating (non-GAAP) EPS of at least $18.00 compared with $16.28 for 2013, an increase of more than 10 percent.
IBM (NYSE:IBM) today announced fourth-quarter 2013 diluted earnings of $5.73 per share, compared with diluted earnings of $5.13 per share in the fourth quarter of 2012, an increase of 12 percent. Operating (non-GAAP) diluted earnings were $6.13 per share, compared with operating diluted earnings of $5.39 per share in the fourth quarter of 2012, an increase of 14 percent.