IBM Q1 2024: Rev $14.5B, EPS $1.69; acquires HashiCorp for $35/share ($6.4B)

INTERNATIONAL BUSINESS MACHINES CORP

Revenue $14.5B (+1%; +3% cc); GAAP diluted EPS $1.69 (+66%); operating non-GAAP EPS $1.68 (+24%).
Software revenue $5.9B (+5.5%); Consulting $5.2B (-0.2%); Infrastructure $3.1B (-0.7%).
Announces $6.4B acquisition of HashiCorp at $35/share cash; expected close end of 2024.
Free cash flow $1.9B (+$0.6B YoY); Full-year FCF guidance reaffirmed at ~$12B.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTERNATIONAL BUSINESS MACHINES CORP reported first-quarter 2024 results: revenue $14.5 billion, net income $1.6 billion, EPS $1.69. Guidance reaffirmed.

Period: first-quarter 2024
Revenue: $14.5 billion
Net income: $1.6 billion
EPS: $1.69
Guidance: reaffirmed
Result: reported results

Exact text from the filing

by the end of 2024, subject to approval by HashiCorp shareholders, regulatory approvals and other customary closing conditions . First-Quarter Highlights • Revenue – Revenue of $14.5 billion, up 1 percent, up 3 percent at constant currency – Software revenue up 5 percent, up 6 percent at constant currency – Consulting revenue flat, up 2 percent at constant currency –

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Source: SEC EDGAR

accession 0000051143-24-000018

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