Updated at 1:56 p.m. PST, with additional earnings information and after-hours trading performance.
IBM reported Tuesday a 12 percent increase in fourth-quarter earnings, coming in stronger than analysts' expectations.
Big Blue generated net income of $4.4 billion, or $3.28 a share, for the quarter, up 12 percent over the same period a year ago.
Wall Street had expected Big Blue to post earnings of $3.03 a share for the three-month period.
The technology bellwether also reported that it is not only on track to achieve its previously stated goal of generating an annual profit of $… Read more