earnings
confidence high
sentiment neutral
materiality 0.75
IBM Q1 revenue $14.3B, op EPS $1.36; FY FCF reaffirmed at $10.5B
INTERNATIONAL BUSINESS MACHINES CORP
2023-Q1 EPS reported
$1.01
revenue$14,252,000,000
- Revenue $14.3B, constant-currency growth ~4.5%; operating EPS $1.36.
- Free cash flow $1.3B (+$100M YoY); FY FCF target reaffirmed at ~$10.5B.
- Software +6%, Consulting +8%, Infrastructure flat; Red Hat +11%.
- Consulting growth guidance trimmed to 6-8% as US discretionary projects slow.
- Workforce rebalancing charge of $260M in Q1; expects completion in Q2.