IBM: EPS exceeds expectations in Q1
(CercleFinance.com) - On Tuesday evening IBM announced net operating income (non-GAAP) that is up 2% at 2.
3 billion dollars for Q1 2018, or EPS of 2.45 dollars per share, five cents above the consensus.
Up 5% at 19.1 billion dollars, the Armonk-based IT giant's revenues benefited from the strength of its "strategic imperatives" (+15%), and particularly the cloud (+20%).
On the strength of this performance, IBM has confirmed its annual targets of operating EPS of at least 13.80 dollars, even though this is still three cents under the consensus, as well as free cash flow of around 12 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
3 billion dollars for Q1 2018, or EPS of 2.45 dollars per share, five cents above the consensus.
Up 5% at 19.1 billion dollars, the Armonk-based IT giant's revenues benefited from the strength of its "strategic imperatives" (+15%), and particularly the cloud (+20%).
On the strength of this performance, IBM has confirmed its annual targets of operating EPS of at least 13.80 dollars, even though this is still three cents under the consensus, as well as free cash flow of around 12 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.