IBM (IBM) Tops Q3 EPS by 2c, Revenue Comes in Light, Offers FY Guidance

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Go back to IBM (IBM) Tops Q3 EPS by 2c, Revenue Comes in Light, Offers FY Guidance

IBM Reports 2018 Third-Quarter Results

October 16, 2018 4:07 PM EDT

ARMONK, N.Y.--(BUSINESS WIRE)-- IBM (NYSE: IBM)

Best Year-to-Year Gross Margin Performance in 3 Years, Reflecting Higher Value Business

Highlights

GAAP EPS from continuing operations of $2.94; Operating (non-GAAP) EPS of $3.42 Revenue of $18.8 billion, down 2 percent (flat adjusting for currency) Strategic imperatives revenue of $39.5 billion over last 12 months, up 13 percent (up 11 percent adjusting for currency) Cloud revenue of $19.0 billion over last 12 months, up 20 percent (up 18 percent adjusting for currency)... More