Earnings release · IBM
International Business Machines Corp. · Filed · SEC Form 8-K, Item 2.02
International Business Machines company page Original on SEC.gov ↗
Revenue increased 5% year on year to $17.1 billion. Management raised its outlook, and guidance changes often matter more to the market than the quarter just reported because they reflect expectations for the periods ahead.
Written automatically by Stocknote's note engine from the figures on this page and the company's previous release. Every number in this note is checked against those figures. Not investment advice.
$17.1 billion +5% vs a year ago
…Revenue –Revenue of $17.1 billion, up 5 percent, up 6 percent at constant currency –Software revenue up 8 percent, up 9 perce…
Guidance raised
…Exceeded expectations with accelerated revenue growth led by Software and Infrastructure; Raises outlook for full-year free cash flow.…
IBM beat on Q3 revenue and raised its cash flow outlook, but about half of software growth was acquired and most of the nine-month cash flow gain is working capital.
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