IBM Q3 2022 Earnings Report
Key Takeaways
IBM's Q3 2022 results showed strong revenue growth, with a focus on executing its strategy. Revenue reached $14.1 billion, up 6 percent, and up 15 percent at constant currency. The company now expects full-year revenue growth above its mid-single digit model.
Revenue was $14.1 billion, up 6 percent year-over-year, and up 15 percent at constant currency.
Software revenue increased by 7 percent, and 14 percent at constant currency.
Consulting revenue grew by 5 percent, and 16 percent at constant currency.
Infrastructure revenue was up 15 percent, and 23 percent at constant currency.
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IBM Revenue by Segment
Forward Guidance
IBM expects constant currency revenue growth above its mid-single digit model and continues to expect about $10 billion in consolidated free cash flow for the full year 2022.