secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001558370-23-006321
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBM Q1 revenue $14.3B, op EPS $1.36; FY FCF reaffirmed at $10.5B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000155837023006321/0001558370-23-006321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000155837023006321/ibm-20230419x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006321

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