IBM Updates Reporting Segments with Weather Company Divestiture and Security Services Move to Consulting

INTERNATIONAL BUSINESS MACHINES CORP

IBM completed divestiture of Weather Company assets on Jan 31, 2024, moving from Software to Other – divested businesses.
Security Services realigned from Software segment to Consulting segment to better capture security services market opportunity.
Stock-based compensation and net interest expense allocations removed from segment profitability for improved transparency.
Changes take effect in Q1 2024; recast segment financials for 2022-2023 expected by end of March.
Consolidated results remain unchanged; segment updates better align portfolio to hybrid cloud and AI strategy.

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