The story, "IBM quarterly results show modest gains," posted Thursday, incorrectly reported the company's annual revenue. The correct number is $15.9 billion. The fourth paragraph has been changed on the wire and now reads:

For fiscal 2011, IBM reported revenue of $106.9 billion, up 7 percent from fiscal 2010. Net income was also up 7 percent, to $15.9 billion. Earnings per share (EPS) for the year were $13.06, a gain of 13 percent. Operating EPS was $13.44.