IBM reports Q4 revenue of $16.69B, flat YoY, vs. $16.4B est., net income up 16% YoY to $2.71B, and software revenue up 2.8% YoY to $7.29B, vs. $7.12B est. (Jordan Novet/CNBC)

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Jordan Novet / CNBC:
IBM reports Q4 revenue of $16.69B, flat YoY, vs. $16.4B est., net income up 16% YoY to $2.71B, and software revenue up 2.8% YoY to $7.29B, vs. $7.12B est.  —  - IBM managed to avoid posting a revenue decline.  — The company plans to cut about 3,900 jobs, or 1.5% of its workforce.

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