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IBM (IBM) Tops Q1 EPS by 2c, Sees Revenue Growth at High End of Model

April 19, 2022 4:08 PM

(Updated - April 19, 2022 4:15 PM EDT)

IBM (NYSE: IBM) reported Q1 EPS of $1.40, $0.02 better than the analyst estimate of $1.38. Revenue for the quarter came in at $14.2 billion versus the consensus estimate of $13.85 billion.

"Demand for hybrid cloud and AI drove growth in both Software and Consulting in the first quarter. Today we're a more focused business and our results reflect the execution of our strategy," said Arvind Krishna, IBM chairman and chief executive officer. "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."

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