IBM (IBM) Tops Q4 EPS by 28c, Revs Miss; Provides FY21 Expectations

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Go back to IBM (IBM) Tops Q4 EPS by 28c, Revs Miss; Provides FY21 Expectations

IBM Reports 2020 Fourth-Quarter and Full-Year Results

January 21, 2021 4:16 PM EST

Strong hybrid cloud adoption; Gross margin expansion; Solid cash generation

ARMONK, N.Y.--(BUSINESS WIRE)-- IBM (NYSE: IBM) today announced fourth-quarter and full-year 2020 earnings results.

We made progress in 2020 growing our hybrid cloud platform as the foundation for our clients digital transformations while dealing with the broader uncertainty of the macro environment," said Arvind Krishna, IBM chairman and chief executive officer. "The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.

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