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Sep 30, 2022
IBM Q3 2022 Earnings Report
IBM delivered strong revenue growth driven by global hybrid cloud adoption and solid cash generation.
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.
IBM
IBM
IBM Revenue by Segment
Revenue by Segment
Financing Revenue
CapyFin.com 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.