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IBM (NYSE:IBM) closed Monday at $121.01 per share. The company reported Q1 results after the bell.
Quarterly Results
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Earnings per share fell 18.22% over the past year to $1.84, which beat the estimate of $1.79.
Revenue of $17,571,000,000 lower by 3.36% year over year, which missed the estimate of $17,620,000,000
Details Of The Call
Webcast URL: https://edge.media-server.com/mmc/p/j9wbdcaf
Recent Stock Performance
52-week high: $158.75
52-week low: $90.56
Price action over last quarter: down 15.90%
Company Description
IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells infrastructure services (37% of revenue), software (29% of revenue), IT services (23% of revenue) and hardware (8% of revenues). IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients - which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.