secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000051143-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBM Q3: Op EPS $2.30, revenue $15B +1%; Software +10%, Red Hat +14%; FCF >$12B FY guide
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- Revenue $15.0B (+1%, +2% cc); GAAP EPS -$0.34 (incl $2.7B pension charge), Op EPS $2.30 (+5%).
- Software $6.5B (+10%) led by Red Hat +14%, Automation +13%; Consulting flat, Infra -7%.
- Free cash flow Q3 $2.1B, YTD $6.6B; FY guide >$12B FCF; $1.5B returned via dividends in Q3.
- GenAI book of business >$3B, up >$1B QoQ; Q4 constant currency growth expected consistent with Q3.
- Gross margin GAAP 56.3% (+190bps), Op 57.5% (+210bps); operating margin expanded.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000005114324000043/0000051143-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000005114324000043/ibm-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000051143-24-000043

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