IBM Q4 2019 Earnings Report
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.
IBM
IBM
IBM Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income