$IBM (+1,09ย %) ๐๐๐: ๐๐ซ๐๐ฅ๐ข๐ฆ๐ข๐ง๐๐ซ๐ฒ ๐๐ ๐๐ข๐ฌ๐ฌ, ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐๐๐ค๐ง๐๐ฌ๐ฌ ๐๐๐ข๐ ๐ก๐ฌ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $17.2B (+1% YoY)
โข Software Revenue: +5%
โข Consulting Revenue: Flat YoY, +1% in constant currency
โข Infrastructure Revenue: -7%
โข GAAP EPS: $2.27 (-2% YoY)
โข Operating EPS: $2.93 (+5% YoY)
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Software and Infrastructure results fell below IBMโs expectations as several large deals failed to close on schedule
โข Red Hat revenue growth accelerated to 11%, while Distributed Infrastructure surged 37%
โข Year-to-date free cash flow reached $4.8B
โข IBM plans to invest more than $10B in quantum computing over the next five years
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โThese are not excuses, but they are realities. Our teams did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected. While the quarter was disappointing, we remain confident in the strength of our portfolio and strategy.โ
