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Mar 31, 2020
IBM Q1 2020 Earnings Report
IBM's first-quarter results for 2020 reflected the impact of items related to the Red Hat acquisition and showed continued cloud revenue growth, gross margin expansion and a strong balance sheet.
Key Takeaways
IBM reported first-quarter 2020 earnings with a revenue of $17.6 billion, a decrease of 3.4 percent. The diluted EPS was $1.31, and the operating (non-GAAP) EPS was $1.84. Total cloud revenue was $5.4 billion, up 19 percent. IBM is withdrawing its full-year 2020 guidance due to the COVID-19 crisis.
GAAP EPS from continuing operations was $1.31.
Operating (non-GAAP) EPS was $1.84.
Revenue was $17.6 billion, down 3.4 percent (up 0.1 percent adjusting for divested businesses and currency).
Total cloud revenue was $5.4 billion, up 19 percent (up 23 percent adjusting for divested businesses and currency).
IBM
IBM
IBM Revenue by Segment
Revenue by Segment
Software Revenue
CapyFin.comConsulting Revenue
CapyFin.comInfrastructure Revenue
CapyFin.com Forward Guidance
IBM is withdrawing its full-year 2020 guidance in light of the current COVID-19 crisis. The company will reassess this position based on the clarity of the macroeconomic recovery at the end of the second quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income