IBM (IBM) Tops Q1 EPS by 3c, Maintains FY EPS and free cash flow expectations

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Go back to IBM (IBM) Tops Q1 EPS by 3c, Maintains FY EPS and free cash flow expectations

IBM Reports 2019 First-Quarter Results

April 16, 2019 4:05 PM EDT

ARMONK, N.Y.--(BUSINESS WIRE)-- IBM (NYSE: IBM) today announced first-quarter results.

Acceleration in Cloud Revenue Growth; Continued Margin Expansion

Highlights

First Quarter:

GAAP EPS from continuing operations of $1.78 Operating (non-GAAP) EPS of $2.25 Revenue of $18.2 billion, down 4.7 percent (down 0.9 percent adjusting for currency) Cloud revenue growth accelerated in the quarter; now $19.5 billion over the last 12 months, up 10 percent (up 12 percent adjusting for currency) As-a-service annual... More