IBM (IBM) Tops Q2 EPS by 16c; offers outlook

IBM (NYSE: IBM) reported Q2 EPS of $2.18, $0.16 better than the analyst estimate of $2.02. Revenue for the quarter came in at $15.5 billion versus the consensus estimate of $15.58 billion.

Full-Year 2023 Expectations

Revenue: The company continues to expect constant currency revenue growth of three percent to five percent. At current foreign exchange rates, currency is expected to be neutral to revenue growth.
Free cash flow: The company continues to expect about $10.5 billion in free cash flow, up more than $1 billion year to year.

For earnings history and earnings-related data on IBM (IBM) click here.

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