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Revenue Performance Led by Consulting and Software; Solid Cash Generation Highlights Third Quarter: Revenue of $17.6 billion, up 0.3 percent (down 0.2 percent adjusting for divested businesses
IBM Reports 2021 First-Quarter Results Highlights Revenue of $17.7 billion, up 1 percent (down 2 percent adjusting for currency) -- Cloud Cognitive Software up 4 percent (up 1 percent adjusting for currency) -- Systems up 4 percent (up 2 percent adjusting for currency) -- Global Business Services up 2 percent (down 1 percent adjusting for currency) Total cloud revenue of $6.5 billion, up 21 percent (up 18 percent adjusting for divested businesses and currency) -- Cloud revenue of $26.3 billion over last 12 months, up 19 percent (up 18 percent adjusting for divested businesses and currency) Re...
3 months ago ARMONK, N.Y.–(BUSINESS WIRE)– IBM (NYSE: IBM) today announced fourth-quarter and full-year 2020 earnings results. “We made progress in 2020 growing our hybrid cloud platform as the foundation for our clients’ digital transformations while dealing with the broader uncertainty of the macro environment,” said Arvind Krishna, IBM chairman and chief executive officer. “The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.” Highlights GAAP EPS from continuing ...