IBM (IBM) Tops Q1 EPS by 14c, Revenue Beats

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Go back to IBM (IBM) Tops Q1 EPS by 14c, Revenue Beats

IBM Reports 2021 First-Quarter Results

April 19, 2021 4:08 PM EDT

Growing Hybrid Cloud Platform Adoption; Return to Revenue Growth; Strong Cash Flow

Highlights

First Quarter:

GAAP EPS from continuing operations of $1.06; Operating (non-GAAP) EPS of $1.77 Revenue of $17.7 billion, up 1 percent (down 2 percent adjusting for currency)
-- Cloud & Cognitive Software up 4 percent (up 1 percent adjusting for currency)
-- Systems up 4 percent (up 2 percent adjusting for currency)
-- Global Business Services up 2 percent (down 1 percent adjusting for currency) Total cloud revenue of $6.5 billion, up 21 percent (up 18 percent adjusting for divested businesses and... More