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Dec 31, 2019
IBM Q4 2019 Earnings Report
IBM's Q4 2019 earnings were released, revealing revenue growth driven by accelerated cloud performance and strong gross margin expansion.
Key Takeaways
IBM reported a strong end to 2019 with overall revenue growth in the fourth quarter, driven by accelerated cloud performance. The company's GAAP EPS from continuing operations was $4.11, and operating (non-GAAP) EPS was $4.71. Revenue reached $21.8 billion, up 0.1 percent, or 3 percent adjusting for divested businesses and currency. Total cloud revenue was $6.8 billion, up 21 percent.
GAAP EPS from continuing operations was $4.11.
Operating (non-GAAP) EPS was $4.71.
Revenue reached $21.8 billion, up 0.1 percent.
Total cloud revenue was $6.8 billion, up 21 percent.
Forward Guidance
IBM expects GAAP diluted earnings per share of at least $10.57 and operating (non-GAAP) diluted earnings per share of at least $13.35 for full year 2020. The company anticipates free cash flow of approximately $12.5 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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