IBM (IBM) Tops Q3 EPS by 2c, Revenue Misses

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Go back to IBM (IBM) Tops Q3 EPS by 2c, Revenue Misses

IBM Reports 2021 Third-Quarter Results

October 20, 2021 4:08 PM EDT

Revenue Performance Led by Consulting and Software; Solid Cash Generation

Highlights

Third Quarter:

Revenue of $17.6 billion, up 0.3 percent (down 0.2 percent adjusting for divested businesses and currency)
- Cloud & Cognitive Software up 3 percent (up 2 percent adjusting for currency)
- Global Business Services up 12 percent (up 11 percent adjusting for currency) Revenue, up 2.5 percent (up 1.9 percent adjusting for divested businesses and currency), normalized to exclude Kyndryl to be separated in November Net cash from operating activities of $16.1... More