IBM: beats consensus in Q4
(CercleFinance.com) - On Tuesday evening IBM announced Q4 2018 net operating (non-GAAP) profit that is down 8% at 4.
4 billion dollars, or 4.87 dollars per share, meaning EPS that is six cents above the consensus.
The IT giant's revenue fell by 3% to 21.8 billion dollars (-1% excluding currency effects), despite the growth of its global business services and cognitive solutions, while its gross margin inched up 0.1 point to 49.5%.
The Armonk, New York-based group posts FY 2018 operating (non-GAAP) EPS of 13.81 dollars, in line with its forecast of three months ago ("at least $ 13.80"), and anticipates EPS of at least 13.90 dollars for the current fiscal year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
4 billion dollars, or 4.87 dollars per share, meaning EPS that is six cents above the consensus.
The IT giant's revenue fell by 3% to 21.8 billion dollars (-1% excluding currency effects), despite the growth of its global business services and cognitive solutions, while its gross margin inched up 0.1 point to 49.5%.
The Armonk, New York-based group posts FY 2018 operating (non-GAAP) EPS of 13.81 dollars, in line with its forecast of three months ago ("at least $ 13.80"), and anticipates EPS of at least 13.90 dollars for the current fiscal year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.