IBM (IBM) Tops Q1 EPS by 5c, Withdraws FY20 Guidance

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Go back to IBM (IBM) Tops Q1 EPS by 5c, Withdraws FY20 Guidance

IBM Reports 2020 First-Quarter Results

April 20, 2020 4:08 PM EDT

Continued Cloud Revenue Growth; Gross Margin Expansion; Strong Balance Sheet and Liquidity Position

ARMONK, N.Y.--(BUSINESS WIRE)-- IBM (NYSE: IBM) today announced first-quarter 2020 earnings results.

IBM remains focused on helping our clients adapt to the immediate challenges of the COVID-19 pandemic, while we continue to enable them to shift their mission-critical workloads to hybrid cloud and expand their use of AI to help transform their operations," said Arvind Krishna, IBM chief executive officer. "Our first-quarter performance in cloud is a... More