International Business Machines Corporation
IBM Reports Strong Q4 2023 Earnings with Focus on AI and Hybrid Cloud
Summary
IBM reported solid financial results for Q4 2023, with total revenue of $17.4 billion, operating earnings per share of $3.87, and $6.1 billion in free cash flow. The company highlighted strong growth in its Software and Consulting segments, driven by demand for AI and hybrid cloud solutions. IBM also announced strategic acquisitions and divestitures, and provided guidance for 2024, expecting mid-single digit revenue growth and $12 billion in free cash flow.
Profitelligence Alerts
Get alerts for IBM
Be first to know when International Business Machines Corporation files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About International Business Machines Corporation
International Business Machines Corporation, commonly known as IBM, is a global technology and consulting company primarily known for its enterprise solutions. IBM operates in various segments including cloud computing, artificial intelligence (AI), blockchain, and quantum computing, providing critical infrastructure to businesses and governments worldwide. A pivotal player in the IT services industry, IBM offers software products like Watson, a powerful AI system, and collaborates on large-scale data management and analytics projects. IBM is also heavily involved in the IT consulting sector, helping organizations modernize operations through digital transformation initiatives. Headquartered in Armonk, New York since its founding in 1911, the company has been instrumental in driving advancements in computing technology. IBM's contributions significantly impact sectors ranging from healthcare to finance, making it an integral entity within the tech industry and global economy.
Official SEC Documents
Advertisement