International Business Machines released the earnings results from its third quarter after closing bell tonight, posting adjusted earnings of $3.34 per share, a 9% year over year decline, on revenue of $19.28 billion (from continuing operations). Analysts had been expecting IBM to report earnings of $3.30 per share and revenue of $19.62 billion. In last year’s third quarter, the company posted earnings of $3.68 per share on $22.4 billion in revenue.
International Business Machines’ earnings fall
GAAP earnings fell 13% year over year to $3.02 per share. Non-GAAP operating margin for continuing operations was 50%, an increase of 80 basis points. GAAP gross margin was 48.9%, an increase of 40 basis points.
Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%. Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More
IBM said revenue from its strategic imperatives climbed 27% year over year after adjusting for currencies and divestures. On a reported basis, it increased 17%. Cloud revenue climbed by more than 65% when adjusting for currencies and divestures but onl