(Updated - January 19, 2017 4:10 PM EST)

IBM (NYSE: IBM) reported Q4 EPS of $5.01, $0.13 better than the analyst estimate of $4.88. Revenue for the quarter came in at $21.8 billion versus the consensus estimate of $21.64 billion.

2017 EPS Expectations: GAAP of at least $11.95; Operating (non-GAAP) of at least $13.80 vs the consensus of $13.74.

Segment Results for Fourth Quarter

• Cognitive Solutions (includes solutions software and transaction processing software) --revenues of $5.3 billion, up 1.4 percent (up 2.2 percent adjusting for currency) were driven by growth in cloud, analytics and security.
• Global Business Services (includes consulting, global process services and application management) -- revenues of $4.1 billion, down 4.1 percent (down 3.6 percent adjusting for currency).
• Technology Services & Cloud Platforms (includes infrastructure services, technical support services and integration software) -- revenues of $9.3 billion, up 1.7 percent (up 2.4 percent adjusting for currency). Growth was driven by strong hybrid cloud services, analytics and security performance.
• Systems (includes systems hardware and operating systems software) -- revenues of $2.5 billion, down 12.5 percent (down 12.1 percent adjusting for currency). Gross profit margins improved driven by z Systems performance.
• Global Financing (includes financing and used equipment sales) -- revenues of $447 million, down 1.5 percent (down 2.1 percent adjusting for currency).

For earnings history and earnings-related data on IBM (IBM) click here.