Revenue segments as reported by the company.

Software

Consulting

Infrastructure

Financing

Cloud & Cognitive Software

Global Business Services

Global Technology Services

Systems

Global Financing

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

SG&A

Intellectual property and custom development income

Other expense

Interest expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure and modernize their environments. It includes all software, except operating system software reported in the Infrastructure segment. The Consulting segment provides capabilities in business transformation and technology implementation. Consulting designs and builds open, hybrid cloud architectures and optimizes key workflows and business processes with IBM and ecosystem partner technologies. The Infrastructure segment offers solutions for hybrid cloud, and is the foundation of the hybrid cloud stack. Infrastructure is optimized for infusing AI into mission-critical transactions and tightly integrated with IBM Software including Red Hat for accelerated hybrid cloud benefits. Infrastructure also includes remanufacturing and remarketing of used equipment with a focus on sustainable recovery services. The Financing segment facilitates the acquisition of information technology systems, software and services through its financing solutions. The financing arrangements are predominantly for products or services that are critical to the end users’ business operations and support IBM’s hybrid cloud platform and AI strategy. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

IBM reports strong Q4 earnings, eyes revenue and margin growth

IBM's Q4 2022 performance showcased strong revenue growth and successful client collaborations, despite facing challenges from external factors impacting margins. The company is focused on seizing opportunities through strategic investments and guiding for continued revenue and margin improvements in 2023.

IBM reports solid Q1 results, focuses on hybrid cloud and AI for growth

IBM's Q1 performance reflects growth in revenue, driven by Software and Consulting, with a focus on hybrid cloud and AI. While facing challenges in lower revenue growth projections and pricing dynamics, IBM is optimistic about PTI improvements and cash flow. Opportunities lie in AI initiatives, currency impact, and strategic M&A moves.

IBM reports solid Q2 earnings, eyes growth through strategic AI

IBM's Q2 2023 performance was strong, with revenue growth, margin expansion, and robust free cash flow generation.
The company's strengths lie in its hybrid cloud and AI strategy, strategic collaborations, and focus on enterprise AI.
Challenges include regional AI maturity variations, pricing dynamics, acquisition alignment, and data privacy concerns.
Opportunities abound in IT optimization, international expansion, strategic acquisitions, and AI-driven productivity gains.

IBM reports solid Q3 growth driven by generative AI focus

IBM's Q3 2023 performance reflects strong financial growth, particularly in software and consulting revenue, supported by a focus on generative AI and strategic partnerships.
While challenges exist in deploying generative AI and sustaining growth in certain segments, IBM's financial stability and innovative approach position it well for future opportunities.
Opportunities lie in leveraging generative AI for revenue growth, enhancing client-specific solutions, and expanding market presence through strategic initiatives.
Overall, IBM's performance highlights resilience, adaptability, and a strategic vision for delivering value to enterprise clients in a competitive landscape.

IBM reports solid 2023 performance, eyes growth through AI and partnerships

IBM's strong financial performance in 2023, driven by software and consulting growth, sets the stage for continued success in 2024.
Strategic partnerships, AI initiatives, and cost-saving measures bolster IBM's competitive edge and financial resilience.
Challenges in sustaining growth and revenue recognition require careful management and strategic foresight.
Opportunities in AI, digital transformation, and strategic acquisitions position IBM for growth and market outperformance in 2024.

IBM reports strong Q1 performance driven by cloud and AI

IBM's Q1 2024 performance reflects strength in hybrid cloud and AI, with solid revenue and cash flow growth.
Despite challenges in consulting revenue and software growth targets, opportunities lie in global demand and strategic acquisitions.
Maintaining a balance between addressing challenges and leveraging strengths will be crucial for sustained growth.
IBM's disciplined M&A strategy and focus on innovation position the company for continued success in the software and cloud market.

IBM reports robust Q2 earnings, focuses on AI and hybrid cloud growth

IBM's Q2 2024 earnings call highlighted strong performance in software and infrastructure, with a focus on hybrid cloud and AI strategies. Despite challenges in the consulting segment, the company raised free cash flow expectations and remains disciplined in M&A. Opportunities lie in AI strategy, open-sourcing models, and Red Hat's growth in containerization and hybrid cloud solutions.

IBM reports robust Q3 earnings, focuses on AI solutions

IBM's Q3 earnings call highlighted strong software revenue growth, challenges in consulting and infrastructure, and a focus on enterprise AI solutions. Despite macroeconomic uncertainties, the company remains confident in its ability to drive revenue growth and maintain profitability. IBM's strategic partnerships and innovations position it well for future opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other. The Software segment combines hybrid cloud platform and software solutions to help clients become more data-driven, and to automate, secure, and modernize their environments. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment offers solutions for hybrid cloud, and is the foundation of the hybrid cloud stack. Infrastructure is optimized for infusing AI into mission-critical transactions and tightly integrated with IBM Software including Red Hat for accelerated hybrid cloud benefits. The Financing segment refers to the client and commercial financing, facilitating IBM clients’ acquisition of IT systems, software, and services. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.

International Business Machines Corporation (IBM) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for IBM (IBM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, IBM (IBM) Q1 Earnings: A Look at Key Metrics

IBM (IBM) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.36 per share a year ago.

IBM (IBM) Q1 Earnings Top Estimates

International Business Machines Corporation (NYSE: IBM) published its Q1 financial outcomes on Wednesday after market close. The company's revenue came at $14.46, slightly lower than the predicted $14.54 billion, whereas operating earnings per share beat the $1.59 forecast to $1.68.

IBM Q1 earnings: software revenue up as AI fruits begin to materialize

HashiCorp

IBM wisely gravitated away from trying to be a pure cloud infrastructure vendor years ago, recognizing that it could never compete with the big three – Amazon, Microsoft and Google. It has since moved onto helping IT departments manage complex hybrid environments, using its financial clout to acquire a portfolio of high profile companies.

IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition

IBM stock slipped after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below.

IBM To Acquire HashiCorp. For $6.4 Billion; Shares Fall As Company Reports Q1 Results

International Business Machines Corp. came up a hair short with its revenue for the latest quarter, while announcing its intent to acquire infrastructure-automation company HashiCorp Inc. in a $6.4 billion deal.

IBM's stock drops as company plans to buy HashiCorp in $6.4 billion deal

International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into an AI-powered boom in demand.

IBM to buy HashiCorp in $6.4 billion deal to expand cloud software

IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp's roster of some 4,400 clients.

IBM to Buy HashiCorp in $6.4 Billion Deal

IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.

IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss

IBM Is Buying HashiCorp For $6.4B. Earnings Top Estimates.

Accelerated Software  revenue growth; Strong gross margin expansion and cash generation Announces strategic acquisition of HashiCorp, Inc. ARMONK, N.Y. , April 24, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced first-quarter 2024 earnings results.

IBM RELEASES FIRST-QUARTER RESULTS

$6.4 billion acquisition adds suite of leading hybrid and multi-cloud lifecycle management products to help clients grappling with today's AI-driven application growth and complexity HashiCorp's capabilities to drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting As a part of IBM, HashiCorp is expected to accelerate innovation and enhance its go-to-market, growth and monetization initiatives Transaction expected to be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two ARMONK, N.Y. and SAN FRANCISCO , April 24, 2024 /PRNewswire/ -- IBM (NYSE: IBM) and HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.

IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform

IBM is in advance talks to acquire cloud service provider HashiCorp. The potential buyout will boost IBM's hybrid cloud portfolio.

IBM Reportedly in Advanced Discussions to Acquire HashiCorp

Oracle

Oracle Vs. IBM: Battle Of The Software And Services Giants

Cisco Systems

Microsoft

Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good.

Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI

Intel

GlobalFoundries

Everspin Technologies

Artificial intelligence (AI) applications and platforms are growing like weeds. The arms race for AI superiority continues to be waged between the chip makers trying to chip away at Nvidia Co. NASDAQ: NVDA dominance in the GPU segment to Micron Technology Inc. NASDAQ: MU NAND flash memory dominance in memory chips for data storage.

3 Technologies to Challenge NAND Flash Dominance in AI

Shares of the cloud software company jumped 29% on the report, giving it a market capitalization of about $6 billion.

HashiCorp Shares Spike on Report IBM May Bid on It

International Business Machines Corp (NYSE:IBM) is reportedly in the final stages of negotiations to acquire cloud software provider HashiCorp, sources familiar with the matter revealed to the Wall Street Journal on Tuesday afternoon. San Francisco-based HashiCorp's solutions are widely used by businesses to streamline their cloud operations and improve security.

IBM nearing bid for HashiCorp in potential multibillion-dollar cloud software deal

HashiCorp stock jumped on a report that IBM was nearing a deal to acquire the software company.

IBM Reportedly Near Deal For Software Firm HashiCorp

HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker

IBM Corp. IBM, +0.83% is closing in on acquiring cloud-software provider HashiCorp Inc. HCP, +24.40%, according to a report Tuesday in the Wall Street Journal. The deal, which could be reached in days, sent shares of HashiCorp soaring 22%.

IBM nears acquisition of HashiCorp: report

International Business Machines is nearing a deal to buy cloud software provider HashiCorp , the Wall Street Journal reported on Tuesday.

IBM nearing a buyout deal for HashiCorp, WSJ reports

Takeover could value HashiCorp at a premium to its market value of $4.9 billion.

IBM Nears Deal for Cloud-Software Provider

IBM stock is a hot pick on Wall Street for the first time in a decade. Analysts are looking for signs of further AI progress.

News for IBM Stock (IBM)