8-K
filed January 25, 2023, 6:59 PM ET
ticker IBM
CIK 0000051143
earnings
confidence high
sentiment positive
materiality 0.80
IBM Q4 rev $16.7B flat (+6% cc); op EPS $3.60; guides FY23 FCF ~$10.5B
INTERNATIONAL BUSINESS MACHINES CORP
2022-FY EPS reported
$1.80
revenue$60,530,000,000
- Q4 revenue $16.7B (flat as reported, +6% cc); operating (non-GAAP) EPS $3.60 vs $3.35 a year ago.
- Software revenue $7.3B (+2.8%, +8% cc); Red Hat grew 10% (+15% cc).
- Consulting revenue $4.8B (+0.5%, +9% cc); Infrastructure revenue $4.5B (+1.6%, +7.4% cc).
- Full-year free cash flow $9.3B (up $2.8B); FY23 FCF target ~$10.5B (up >$1B).
- Full-year GAAP EPS $1.95 includes $5.9B pre-tax pension settlement charge; op (non-GAAP) EPS $9.13.
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 updated its Full-Year 2023 guidance (reaffirmed).
- Period
- Full-Year 2023
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
The company expects constant currency revenue growth consistent with its mid-single digit model and about $10.5 billion in consolidated free cash flow, up more than $1 billion year to year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
INTERNATIONAL BUSINESS MACHINES CORP reported Full-Year 2022 results: revenue $60.5 billion, net income $1.8 billion, EPS $1.95.
- Period
- Full-Year 2022
- Revenue
- $60.5 billion
- Net income
- $1.8 billion
- EPS
- $1.95
- Result
- reported results
Exact text from the filing
− Consulting revenue up 0.5 percent, up 9 percent at constant currency − Infrastructure revenue up 2 percent, up 7 percent at constant currency Full-Year Highlights ● Revenue of $60.5 billion, up 6 percent, up 12 percent at constant currency (about 4 points from sales to Kyndryl) − Hybrid cloud revenue of $22.4 billion, up 11 percent, up 17 percent at constant
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
INTERNATIONAL BUSINESS MACHINES CORP reported Fourth Quarter 2022 results: revenue $16.7 billion, net income $2.9 billion, EPS $3.13.
- Period
- Fourth Quarter 2022
- Revenue
- $16.7 billion
- Net income
- $2.9 billion
- EPS
- $3.13
- Result
- reported results
Exact text from the filing
and chief executive officer. "Looking ahead to 2023, we expect full-year revenue growth consistent with our mid-single digit model. ” Fourth-Quarter Highlights ● Revenue of $16.7 billion, flat, up 6 percent at constant currency − Software revenue up 3 percent, up 8 percent at constant currency − Consulting revenue up 0.5 percent, up 9 percent at constant currency
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
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