IBM (IBM) Tops Q4 EPS by 3c, FY EPS Guidance Beats

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Go back to IBM (IBM) Tops Q4 EPS by 3c, FY EPS Guidance Beats

IBM Reports 2019 Fourth-Quarter and Full-Year Results

January 21, 2020 4:04 PM EST

Revenue Growth Driven by Accelerated Cloud Performance; Strong Gross Margin Expansion

Highlights

Fourth Quarter:

GAAP EPS from continuing operations of $4.11 Operating (non-GAAP) EPS of $4.71 Revenue of $21.8 billion, up 0.1 percent
-- up 1 percent adjusting for currency
-- up 3 percent adjusting for divested businesses and currency Red Hat revenue, up 24 percent, normalized for historical comparability Revenue growth in Cloud & Cognitive Software and Systems segments
-- Cloud & Cognitive Software up 9 percent
-- Systems up 16... More