IBM just released its Q4 2012 financials. The company’s GAAP net income came in at $5.8 billion, up 6% from last year. Non-GAAP net income was $6.1 billion. Overall, the company reported revenue of $29.3 billion, down 1%. Earnings per share were $5.39 compared to $4.71 per share in the fourth quarter of 2011, an increase of 14 percent.
Analysts expected double digit growth from IBM.
Baidu posted double-digit percentage revenue growth in 1Q2013–but its earnings still missed analysts’ expectations as the Chinese search giant’s costs soared.
Baidu’s 1Q2013 net income increased 8.5 percent to $328.9 million (2.043 billion RMB), short of the $354.9 million (2.19 billion yuan) expected by analysts polled by Bloomberg.
After posting strong Q4 2012 results in January, eBay once again saw better-than-expected financial results in Q1 2013. Revenue was up 14 percent to $3.7 billion, compared to the same period of 2012. The company reported first quarter net income on a GAAP basis of $677 million, or $0.51 per diluted share, and non-GAAP net income of $829 million, or $0.63 per diluted share.
Analyst Forrester is predicting tablet ownership in Western Europe will quadruple by 2017 – with the percentage of online adults owning a slate projected to increase markedly from less than a fifth (14 per cent) last year to more than half (55 per cent) in 2017.