IBM (IBM) Tops Q4 EPS by 3c
IBM (NYSE: IBM) reported Q4 EPS of $4.84, $0.03 better than the analyst estimate of $4.81. Revenue for the quarter came in at $22.06 billion versus the consensus estimate of $22.04 billion.
Strategic imperatives revenue of $28.9 billion now represents 35 percent of total IBM revenue, up 26 percent adjusting for currency and the System x divestiture; up 17 percent as reported:
- Total Cloud revenue of $10.2 billion up 57 percent adjusting for currency and the System x divestiture, up 43 percent as reported;
-- Cloud delivered as a service revenues of $4.5 billion, up 61 percent adjusting for currency, up 50 percent as reported;
-- Annual run rate of $5.3 billion vs. $3.5 billion in the fourth quarter 2014 for cloud delivered as a service;
- Business analytics revenue up 16 percent adjusting for currency, up 7 percent as reported to $17.9 billion;
- Mobile revenue more than tripled;
- Security revenue up 12 percent adjusting for currency, up 5 percent as reported;
o Free cash flow of $13.1 billion, up $0.7 billion;
- Free cash flow realization equaled 98 percent of GAAP net income from continuing operations;
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