secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000051143-24-000018
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000005114324000018/0000051143-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000005114324000018/ibm-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000051143-24-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer