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IBM Reports 2021 Second Quarter Results

IBM Reports 2021 Second Quarter Results
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IBM Reports 2021 Second-Quarter Results

IBM Reports 2021 Second-Quarter Results
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IBM Reports 2021 First-Quarter Results

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)
Red Hat revenue up 17 percent (up 15 percent adjusting for currency), normalized for historical comparability
GAAP gross profit margin of 46.3 percent, up 120 basis points; Operating (non-GAAP) gross profit margin of 47.3 percent, up 110 basis points ....

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UK Regulatory Announcement: IBM Reports 2020 Fourth-Quarter and Full-Year Results – Consumer Electronics Net

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 operations of $1.41; Operating (non-GAAP) EPS of $2.07
EPS includes the impact of a pre-tax charge of more than $2.0 billion for structural actions in the fourth quarter ....

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