
International Business Machine Corp (IBM) surpassed expectations with its Q4 2021 earnings
The software and services company revealed that it had an adjusted EPS of $3.35 compared with the $3.30 expected by analysts. Revenue came in at $16.70 billion, significantly higher than the $15.90 billion initially forecasted.
Moreover, in the fourth quarter, the company's net income surged 72% to $2.33 billion.
In the quarter, IBM turned the management infrastructure services business into Kyndryl – which began trading as a public company on the NYSE on November 4. Despite the separation, part of the continuing operation's growth came from sales to Kyndryl. The new company generated $4.6 billion in revenue, having more than 4,000 customers and approx. 90,000 employees.
Besides the Kyndryl transaction, IBM revealed the acquisition of SXiQ – an Australian cloud consulting company – and a consulting unit specialized in Adobe implementations. Also, it will work alongside Samsung to a vertical semiconductor transistor architecture.
For the future, IBM CEO Arvind Krishna reiterated that the company expects a mid-single-digit growth goal and the free cash flow to come in at $10 billion - $10.5 billion.
After the news hit the wires, IBM's share price went up 7%.
Sources: cnbc.com, marketwatch.com
Utilizatorii/cititorii nu ar trebui să se bazeze exclusiv pe informațiile prezentate aici și ar trebui să facă propriile lor cercetări/analize, prin citirea cercetărilor de bază. Conținutul acestui document este generic și nu ia în considerare circumstanțele personale ale fiecărui individ, experiența de investiții sau situația financiară actuală.
Prin urmare, Key Way Investments Ltd nu va accepta nicio responsabilitate pentru eventualele pierderi ale traderilor datorate utilizării conținutului sau a conținutului informațiilor prezentate în acest document. Performanțele trecute și previziunile nu sunt indicatori fiabili ai rezultatelor viitoare.