IBM

US4592001014

IT Services & Consulting

Market Closed - Nyse Other stock markets 04:00:07 2024-05-03 pm EDT			5-day change	1st Jan Change
165.7 ^USD	+0.62%		-0.85%	+1.32%

May. 03	Intesa targets new digital-only clients after antritrust blow	RE
May. 02	IBM Expands Software Availability on Amazon's AWS Marketplace	MT

International Business Machines Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

April 24, 2024 at 04:16 pm EDT

International Business Machines Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 14,462 million compared to USD 14,252 million a year ago. Net income was USD 1,605 million compared to USD 927 million a year ago.

Basic earnings per share from continuing operations was USD 1.72 compared to USD 1.03 a year ago. Diluted earnings per share from continuing operations was USD 1.69 compared to USD 1.02 a year ago. Basic earnings per share was USD 1.75 compared to USD 1.02 a year ago.

Diluted earnings per share was USD 1.72 compared to USD 1.01 a year ago.

Latest news about IBM

Intesa targets new digital-only clients after antritrust blow	May. 03	RE
IBM Expands Software Availability on Amazon's AWS Marketplace	May. 02	MT
Powell did it again	May. 02
IBM Expands Software Availability to 92 Countries in AWS Marketplace	May. 02	CI
BNP Paribas Exane Initiates International Business Machines With Underperform Rating, $145 Price Target	May. 02	MT
ANALYST RECOMMENDATIONS : AT&T, IBM, Meta Platforms, Starbucks, Netflix...	May. 02
IBM wins reversal of $1.6 billion judgment to BMC over software contract	Apr. 30	RE
IBM Raises Quarterly Dividend by 0.6% to $1.67	Apr. 30	DJ
IBM Raises Quarterly Dividend $0.01 to $1.67 a Share, Payable June 10 to Shareholders of Record May 10	Apr. 30	MT
IBM Declares Quarterly Cash Dividend, Payable on June 10, 2024	Apr. 30	CI
IBM Expands AI, Tech Services Unit in Ontario, Canada	Apr. 30	DJ
IBM Expands Team and Capabilities in Canada Software Lab to Accelerate Adoption of Generative AI and Other Key Technologies	Apr. 30	CI
News Highlights : Top Company News of the Day - Monday at 11 PM ET	Apr. 29	DJ
News Highlights : Top Company News of the Day - Monday at 9 PM ET	Apr. 29	DJ
News Highlights : Top Company News of the Day - Monday at 7 PM ET	Apr. 29	DJ
US Homeland Security names AI safety, security advisory board	Apr. 26	RE
IBM Delivers on Two Key Metrics in 'Solid' Q1 Despite Revenue Miss, RBC Says	Apr. 26	MT
IBM, Government of Canada, Quebec Agree to Joint C$187 Million Semiconductor Investment	Apr. 26	DJ
IBM Announces Plan to Invest in Canadian Semiconductor Industry	Apr. 26	MT
IBM Announces Plan to Invest in Canadian Semiconductor Industry	Apr. 26	MT
HSBC Adjusts Price Target on International Business Machines to $148 From $146	Apr. 26	MT
Meta Selloff, GDP Data Drag Equity Markets Lower	Apr. 25	MT
Meta Selloff, GDP Data Drag Equity Markets Lower	Apr. 25	MT
US Equity Markets Close Down Thursday Following Q1 GDP Report	Apr. 25	MT
Sector Update: Tech Stocks Mixed Late Afternoon	Apr. 25	MT

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Company Profile

International Business Machines Corporation (IBM) is one of the world's leading computer services companies. Net sales break down by activity as follows: - cognitive solutions and transaction processing software development (41.4%); - IT services (31.6%): consulting (management of logistic chains, financial performance, CRM, human resources, etc.), application management, systems integration, cloud computing, hosting, technical support services, etc.; - sale of IT infrastructure (25.3%): hybrid IT infrastructure solutions, microcomputers, servers, peripheral devices, networks, data storage equipment, etc.; - financing of computer equipment (1%); - other (0.7%). Net sales are distributed geographically as follows: the United States (41.5%), Americas (9.8%), Europe/Middle East/Africa (29.7%), Japan (9%) and Asia/Pacific (10%).

Sector

IT Services & Consulting

Calendar

2024-07-24 - Q2 2024 Earnings Release

Related indices

Dow Jones Industrial , S&P 500

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Income Statement Evolution

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Analysis / Opinion

IBM: Value destruction

April 25, 2024 at 05:30 am EDT

Gary Cohn, IBM vice-president: The three keys to a balanced US economy

January 24, 2024 at 08:38 am EST

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Ratings for IBM

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

165.7 USD

Average target price

180.2 USD

Spread / Average Target

+8.76%

Consensus

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Quarterly earnings - Rate of surprise

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Other IT Services & Consulting

IBM

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IBM

US4592001014

IT Services & Consulting

International Business Machines Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

EPS Revisions