<p>IBM closed out 2012 with essentially flat sales from one year earlier, but with a solid boost to the company's fourth-quarter bottom line.</p><p>The company's revenue from services and hardware both declined in the quartera"the latter despite a huge increase in mainframe system salesa"while software sales grew modestly.</p><p>IBM reported total revenue of $29.3 billion for the fourth fiscal quarter ended December 31, 2012, down less than 1 percent from $29.5 billion in the same period in fiscal 2011. Net income was $5.83 billion, up more than 6 percent from $5.49 billion one year earlier.</p><p>For all of fiscal 2012, IBM reported total revenue of $104.5 billion, down 2 percent from $106.9 billion in fiscal 2011. Net income for the entire year was 16.6 billion, up nearly 5 percent from $15.9 billion in fiscal 2011.</p><p><a href="http://www.crn.in/News-023Jan013-IBM-Wraps-Up-2012-With-Flat-Sales-Higher-Profits.aspx">Keep reading...</a></p><p>Read also:</p><p><a href="http://seekingalpha.com/article/1125981-international-business-machines-management-discusses-q4-2012-results-earnings-call-transcript">International Business Machines' Management Discusses Q3 2012 Results ...</a> (Seeking Alpha)</p><p><a href="http://www.channelregister.co.uk/2013/01/23/ibm_q4_2012_financials/">IBM continues to squeeze blue blood from IT stones</a> (Register)</p><p><a href="http://www.foxbusiness.com/technology/2013/01/22/ibm-4th-quarter-profit-up-63-as-software-sales-rise/">IBM 4th-Quarter Profit Up 6.3% as Software Sales Rise</a> (Fox Business)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=daGSBsqnVBqRGJMjqk7oK9-8ADq9M&ned=us">457 additional articles.</a></p>
