IBM (NYSE: IBM) reported Q4 EPS of $3.60, $0.02 better than the analyst estimate of $3.58. Revenue for the quarter came in at $16.7 billion versus the consensus estimate of $16.13 billion.

Full-Year 2023 Expectations

• Revenue Growth: The company expects constant currency revenue growth consistent with its mid-single digit model. At current foreign exchange rates, currency is expected to be neutral to a one-point tailwind to revenue growth.
• Free Cash Flow: The company expects about $10.5 billion in consolidated free cash flow, up more than $1 billion year to year.

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