IBM (IBM) Tops Q1 EPS by 26c

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Go back to IBM (IBM) Tops Q1 EPS by 26c

IBM Reports 2016 First-Quarter Earnings

April 18, 2016 4:08 PM EDT

Transformation Progress Continues with Strong Growth in Strategic Imperatives

Highlights

Diluted EPS: Operating (non-GAAP) of $2.35; GAAP of $2.09 Revenue from continuing operations of $18.7 billion Strategic imperatives revenue of $29.8 billion over the last 12 months represents 37 percent of IBM revenue Cloud revenue of $10.8 billion over the last 12 months For cloud delivered as a service, annual run rate of $5.4 billion in the quarter, up 46 percent adjusting for currency, up 42 percent as reported year to year Free cash flow of $14.3 billion over... More