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Dec 31, 2021
IBM Q4 2021 Earnings Report
IBM increased revenue driven by hybrid cloud adoption and strong profit performance.
Key Takeaways
IBM's Q4 2021 earnings showed revenue growth, driven by hybrid cloud adoption in software and consulting. The company expresses confidence in achieving sustained mid-single digit revenue growth and strong free cash flow in 2022.
Revenue increased by 6.5 percent, and 8.6 percent at constant currency.
Software revenue was up 8 percent, and 10 percent at constant currency.
Consulting revenue increased by 13 percent, and 16 percent at constant currency.
GAAP Pre-tax income increased 183 percent.
Forward Guidance
IBM will discuss 2022 expectations during today’s quarterly earnings conference call.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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