International Business Machines Corp (IBM) Q1 2022 (USD): Adj. EPS 1.40 (exp. 1.38), Revenue 14.2bln (exp. 13.85bln)
- Adj. gross margin 52.9% (exp. 54.4%).
REVENUE SEGMENTS
- Consulting 4.83bln (exp. 4.62bln), +13% Y/Y.
- Software 5.77bln (exp. 5.7bln), +12%.
- Infrastructure 3.22bln (exp. 3.24bln), -2.2%.
- Financing 154mln (exp. 191.3mln), -26%.
COMMENTARY
- CEO says we are off to a solid start for the year, and we now see revenue growth for 2022 at the high end of our model.
- Affirms FY22 FCF view of 10-10.5bln.
19 Apr 2022 - 21:08- Equities- Source: Newswires
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