IBM (IBM) Reports In-Line Q3 EPS

IBM (NYSE: IBM) reported Q3 EPS of $2.58, in-line with the analyst estimate of $2.58. Revenue for the quarter came in at $17.6 billion versus the consensus estimate of $17.54 billion.

• GAAP EPS from continuing operations of $1.89
• Operating (non-GAAP) EPS of $2.58
• Revenue of $17.6 billion, down 2.6 percent (down 3.1 percent adjusting for divested businesses and currency)
• -- Cloud & Cognitive Software revenue up 7 percent (up 6 percent adjusting for currency)
• Total cloud revenue of $6.0 billion, up 19 percent
• -- Total cloud revenue of $24.4 billion over the last 12 months, up 22 percent (up 25 percent adjusting for divested businesses and currency)
• Red Hat revenue up 17 percent (up 16 percent adjusting for currency), normalized for historical comparability
• GAAP gross profit margin of 48 percent, up 180 basis points; Operating (non-GAAP) gross profit margin of 49 percent, up 160 basis points
• Net cash from operating activities of $15.8 billion and free cash flow of $10.8 billion, over the last 12 months

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

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