International Business Machines Corporation
IBM Reports Strong Q2 2024 Earnings
Summary
IBM announced second-quarter 2024 earnings with total revenue of $15.8 billion, up 2%, driven by software revenue growth of 7%. The company reported GAAP net income of $1.8 billion, GAAP diluted EPS of $1.96, and non-GAAP diluted EPS of $2.43. IBM also raised its full-year free cash flow expectation to over $12 billion. The exhibit provides additional details on segment performance and financial metrics.
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Exhibits (2)
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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.
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