On Tuesday, IBM posted its 4Q financial results that showed an impressive increase of 12% in earnings despite worldwide economic slowdown. The results beat the expectations of different analysts.

IBM generated $4.4b net income, which comes to $3.28 per share for the 4Q, nearly 12% rise compared to the same period last year.

It was expected that IBM would post $3.30 per share earnings for the recent quarter.

The tech leader reported that the company is on right tract to achieve its target of generating $10 to 11$ per share profit for 2010.

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