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Earnings: IBM’s Success Magnifies HP’s Challenges

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http://www.thevarguy.com – IBM (NYSE: IBM) isn’t exactly a growth company, but the technology giant remains the envy of its market — especially compared to the challenging times at rival Hewlett-Packard (NYSE: HPQ). Indeed, IBM’s Q4 2012 net income rose 6 percent to $5.8 billion, though Q4 revenues were essentially flat at $29.3 billion. The big winners for Big Blue involved such growth initiatives as Smarter Planet (up 25% year over year), business analytics (13% YoY) and cloud computing (80% YoY). Here’s the background. Wall Street seemed genuinely impressed with IBM’s performance. Reut (IT news)