By Larry Dignan | January 19, 2012, 1:22pm PST
Summary:New IBM CEO Ginni Rometty sticks with Big Blue's 2015 and 2012 outlooks.
IBM reported fourth quarter earnings were solid, but revenue was lighter than expected. The company's 2012 and 2015 outlooks remain on track. Big Blue reported fourth quarter earnings of $5.5 billion, or $4.62 a share. Non-GAAP earnings, which excludes charges and other items, were $4.71 a share. Wall Street was looking for fourth quarter earnings of $4.62 a share on revenue of $29.7 billion. For the fourth quarter, revenue was up 4 percent. CEO Ginni Rometty, however, said that the company is on track toward delivering 2015 operating earnings of $20 a share. Wall Street was watching to see if Rometty would stick with IBM's 2015 view. As for IBM's outlook, the company projected 2012 earnings of $14.85 a share on a non-GAAP basis and $14.16 a share GAAP. Wall Street was looking for earnings of $14.82. By the numbers for the fourth quarter: