IBM Q3 2021 Earnings Report
Key Takeaways
IBM reported third-quarter results with revenue of $17.6 billion, up 0.3 percent. The company is making progress in its software and consulting businesses, which represent higher growth opportunities. IBM is confident in achieving its medium-term objectives of mid-single digit revenue growth and strong free cash flow generation.
Revenue of $17.6 billion, up 0.3 percent (down 0.2 percent adjusting for divested businesses and currency)
Cloud & Cognitive Software up 3 percent (up 2 percent adjusting for currency)
Global Business Services up 12 percent (up 11 percent adjusting for currency)
Red Hat revenue up 17 percent, normalized for historical comparability
IBM
IBM
IBM Revenue by Segment
Forward Guidance
IBM is confident in achieving its medium-term objectives of mid-single digit revenue growth and strong free cash flow generation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income