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IBM announced its fourth-quarter and full-year 2023 earnings results, with revenue of $17.4 billion and $61.9 billion, respectively. The company also increased its profit margin, cash flow and R&D investment, and expects revenue growth in line with its mid-single digit model in 2024.
IBM reported revenue of $16.7 billion in the fourth quarter of 2022, up 6 percent at constant currency, and revenue of $60.5 billion for the full year, up 6 percent. The company expects revenue growth consistent with its mid-single digit model and about $10.5 billion in free cash flow in 2023.
IBM announced its earnings for the fourth quarter and full year of 2020, including revenue, EPS, cloud revenue, gross margin, cash flow and balance sheet. The company also provided segment results, outlook and strategic updates.
Find the latest news and articles about IBM's financial performance, strategy, and transactions. Learn how IBM is advancing its hybrid cloud and AI business and optimizing its capital structure.
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IBM's cloud revenue was $27.8 billion over the last 12 months, up 14 percent, and cloud revenue growth was 31 percent in Cloud & Cognitive Software and 30 percent in Global Business Services. The...
IBM reports revenue growth of 9 percent, up 16 percent at constant currency, driven by hybrid cloud and AI offerings. The company also expects revenue growth at the high end of its mid-single digit model and about $10 billion in free cash flow for 2022.