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Dec 31, 2022
IBM Q4 2022 Earnings Report
IBM's Q4 2022 earnings were released, showcasing revenue growth across all key segments and expanded margins.
Key Takeaways
IBM's Q4 2022 earnings revealed a flat revenue year-over-year, but grew 6% at constant currency, reaching $16.7 billion. The company's diluted EPS was $3.13, with a non-GAAP EPS of $3.60. IBM anticipates full-year revenue growth consistent with its mid-single digit model in 2023.
Revenue remained flat year-over-year, but increased by 6% at constant currency.
Software revenue saw a 3% increase, or 8% at constant currency.
Consulting revenue experienced a slight uptick of 0.5%, or 9% at constant currency.
Infrastructure revenue grew by 2%, or 7% at constant currency.
IBM
IBM
IBM Revenue by Segment
Forward Guidance
IBM expects constant currency revenue growth consistent with its mid-single digit model and about $10.5 billion in consolidated free cash flow for full-year 2023.