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Market Overview

IBM: Q4 Earnings Insights

Share:

Shares of IBM (NYSE:IBM) decreased 6.21% in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 56.05% over the past year to $2.07, which beat the estimate of $1.79.

Revenue of $20,367,000,000 decreased by 6.47% year over year, which missed the estimate of $20,670,000,000.

Outlook

Hearing IBM Sees FY21 Adj. Cash Flow $11B-$12B; FY22 Adj. Cash Flow $12B-$13B

 

Conference Call Details

Date: Jan 21, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/34z3rjk5

Price Action

52-week high: $158.75

Company's 52-week low was at $90.56

Price action over last quarter: Up 8.20%

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.

 

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Posted-In: BZI-RecapsEarnings