earnings
confidence high
sentiment positive
materiality 0.75
IBM Q3 revenue up 4.6% to $14.8B; operating EPS $2.20; free cash flow $1.7B
INTERNATIONAL BUSINESS MACHINES CORP
2023-Q3 EPS reported
$4.58
revenue$44,479,000,000
- Revenue $14.8B, +4.6% YoY (+3.5% cc); software +8%, consulting +6%, infrastructure -2%.
- GAAP EPS $1.86; operating (non-GAAP) EPS $2.20 (+22% YoY).
- Free cash flow $1.7B in Q3, up $0.9B YoY; YTD FCF $5.1B, up $1.0B.
- Full-year 2023 guidance: constant currency revenue growth 3%-5%, FCF ~$10.5B (up >$1B YoY).
- Segment: Red Hat +9%, Automation +14%, Data & AI +6%; IBM zSystems +9%.