IBM Q4 revenue $17.4B +4% YoY; guides FY2024 FCF ~$12B

INTERNATIONAL BUSINESS MACHINES CORP

2023-FY EPS reported $8.14 revenue$61,860,000,000

Q4 GAAP EPS $3.54 (+13%); non-GAAP $3.87 (+8%). Revenue $17.4B (+4%, +3% cc).
Software $7.5B (+3%), Consulting $5.0B (+6%), Infrastructure $4.6B (+3%).
Full-year free cash flow $11.2B (+$1.9B); FY2024 FCF guidance ~$12B.
AI book of business (watsonx/gen AI) roughly doubled Q3→Q4; 2024 rev growth seen mid-single digit.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERNATIONAL BUSINESS MACHINES CORP reported quarter ended December 31, 2023 / fourth-quarter 2023 results: revenue $17.4 billion, net income $3.3 billion, EPS $3.54.

Period: quarter ended December 31, 2023 / fourth-quarter 2023
Revenue: $17.4 billion
Net income: $3.3 billion
EPS: $3.54
Result: reported results

Exact text from the filing

for 2024 we expect revenue performance in line with our mid-single digit model and about $12 billion in free cash flow.” Fourth-Quarter Highlights • Revenue – Revenue of $17.4 billion, up 4 percent, up 3 percent at constant currency – Software revenue up 3 percent, up 2 percent at constant currency – Consulting revenue up 6 percent, up 5 percent at constant

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERNATIONAL BUSINESS MACHINES CORP reported fiscal year ended December 31, 2023 results: revenue $61.9 billion, net income $7.5 billion, EPS $8.15.

Period: fiscal year ended December 31, 2023
Revenue: $61.9 billion
Net income: $7.5 billion
EPS: $8.15
Result: reported results

Exact text from the filing

60.1 percent, up 1.4 points – Pre-Tax Income Margin: GAAP: 21.6 percent, up 1.8 points; Operating (Non-GAAP): 24.0 percent, up 1.1 points Full-Year Highlights • Revenue of $61.9 billion, up 2 percent, up 3 percent at constant currency – Software revenue up 5 percent – Consulting revenue up 5 percent, up 6 percent at constant currency – Infrastructure revenue

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Source: SEC EDGAR

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