IBM (NYSE: IBM) reported its fourth quarter 2020 earnings results today.
Revenue fell 6% year-over-year to $20.4 billion.
GAAP net income fell over 60% to $1.3 billion, or $1.51 per share, compared to last year. Adjusted EPS dropped 56% to $2.07.
The company expects to grow revenue for full-year 2021 based on the current foreign exchange rates.