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25.01.2024

Company news: IBM’s (IBM) quarterly results beat analysts’ estimates

IBM (IBM) reported Q4 FY2023 earnings of $3.87 per share (versus $3.60 per share in Q4 FY2022), beating analysts’ consensus estimate of $3.79 per share.

The company’s quarterly revenues amounted to $17.381 bln (+4.1% y/y), slightly beating analysts’ consensus estimate of $17.289 bln.

The company also guided to FY2024 constant currency revenue growth in mid-single digits.

IBM rose to $186.53 (+7.24%) in pre-market trading.

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