IBM (IBM) Tops Q1 EPS by 4c, Maintains Outlook
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IBM Reports 2018 First-Quarter Results
April 17, 2018 4:08 PM EDTRevenue Up 5 Percent Year to Year; Improving Gross Margin Trajectory
ARMONK, N.Y.--(BUSINESS WIRE)-- IBM (NYSE: IBM)
Highlights
Revenue of $19.1 billion, up 5 percent (flat adjusting for currency) Gross margin reflects broad-based improvement in year-to-year performance compared to fourth quarter GAAP EPS from continuing operations of $1.81; Operating (non-GAAP) EPS of $2.45, up 4 percent Strategic imperatives revenue of $37.7 billion over last 12 months, up 12 percent (up 10 percent adjusting for currency); represents 47 percent of IBM revenue... More