Turbotodd

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Archive for the ‘ibm earnings’ Category

IBM Reports 2018 Third-Quarter Results

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IBM today announced its 2018 third-quarter results, generating its best year-to-year gross margin performance in three years, which reflected the company’s move towards higher value businesses.

Highlights are as follows:

  • GAAP EPS from continuing operations of $2.94; Operating (non-GAAP) EPS of $3.42
  • Revenue of $18.8 billion, down 2 percent (flat adjusting for currency)
  • Strategic imperatives revenue of $39.5 billion over last 12 months, up 13 percent (up 11 percent adjusting for currency)
  • Cloud revenue of $19.0 billion over last 12 months, up 20 percent (up 18 percent adjusting for currency) 
  • As-a-service annual exit run rate for cloud revenue of $11.4 billion in the quarter, up 21 percent year to year (up 24 percent adjusting for currency)
  • Strong services gross profit margin expansion year to year
  • Maintains full-year operating (non-GAAP) EPS and free cash flow expectations

“IBM’s progress and momentum this year in the emerging, high-value segments of the IT industry are driven by our innovative technology, deep industry expertise and commitment to trust and security,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “Our leadership in the technology and services that deliver hybrid cloud, AI, blockchain, analytics and security has helped drive our overall performance, and is helping our clients unleash the full business value of these innovations.”

Written by turbotodd

October 16, 2018 at 4:45 pm

IBM Announces 4Q16, Full Year 2016 Financial Results

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IBM announced its full year 2016 and 4Q2016 earnings this afternoon.

The topline:

  • Diluted EPS from continuing operations: GAAP of $4.73; Operating (non-GAAP) of $5.01
  • Revenue from continuing operations of $21.8 billion
  • Strategic imperatives revenue for full-year 2016 of $32.8 billion up 13 percent (up 14 percent adjusting for currency) represents 41 percent of IBM revenue
  • Cloud revenue of $13.7 billion for full-year 2016, up 35 percent
    • — Cloud as-a-service annual exit run rate of $8.6 billion at year end, up 61 percent year to year (up 63 percent adjusting for currency)
  • 2017 EPS Expectations: GAAP of at least $11.95; Operating (non-GAAP) of at least $13.80

IBM CEO and Chairman Ginni Rometty had this to say about the quarter and years’ results:

“In 2016, our strategic imperatives grew to represent more than 40 percent of our total revenue and we have established ourselves as the industry’s leading cognitive solutions and cloud platform company,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “IBM Watson is the world’s leading AI platform for business, and emerging solutions such as IBM Blockchain are enabling new levels of trust in transactions of every kind.  More and more clients are choosing the IBM Cloud because of its differentiated capabilities, which are helping to transform industries, such as financial services, airlines and retail.”

You can see the full details here.

Written by turbotodd

January 19, 2017 at 3:22 pm

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