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IBM Reaffirms Outlook, Announces Longer-Term Finanical Objectives In New Slideshow Presentation

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International Business Machines Corp. (NYSE: IBM) after Thursday's market close released a regulatory filing that contained a slideshow presentation titled "Investor Briefing 2016."

As part of the presentation, IBM reaffirmed its 2016 operating earnings and free cash flow guidance, which were provided during the company's January 2016 earnings call.

Related Link: Why IBM's Earnings Were Mixed At Best

IBM's presentation highlighted key business activities, including divestitures, acquisitions and investments across its multiple segments. The presentation also highlighted the company's cash flow, cash utilization, income and other key financial metrics over the past 10 years.

IBM also provided longer-term financial objectives, including: 1) low single-digit revenue growth, 2) mid single-digit pre-tax income growth, 3) high single-digit earnings per share growth with return to shareholders, and 4) free cash flow realization in the 90 percent-range.

Shares of IBM were trading lower by 1 percent at $133.15 Friday morning.

 

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