IBM (IBM) Tops Q1 EPS by 9c

IBM (NYSE: IBM) reported Q1 EPS of $1.36, $0.09 better than the analyst estimate of $1.27. Revenue for the quarter came in at $14.3 billion versus the consensus estimate of $14.37 billion.

Full-Year 2023 Expectations

• Revenue: The company expects constant currency revenue growth of three percent to five percent. At current foreign exchange rates, currency is expected to be neutral to revenue growth.
• Free cash flow: The company continues to expect about $10.5 billion in free cash flow, up more than $1 billion year to year.

For earnings history and earnings-related data on IBM (IBM) click here.

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