secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001558370-23-000529
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBM Q4 rev $16.7B flat (+6% cc); op EPS $3.60; guides FY23 FCF ~$10.5B
----------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000155837023000529/0001558370-23-000529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000155837023000529/ibm-20230125x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000529

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