Categories AlphaGraphs, Earnings, Technology

Earnings: IBM Q1 profit beats estimates; revenue up 8%

International Business Machines Corporation (NYSE: IBM) said its first-quarter 2022 revenues increased 8%. The results also surpassed experts’ predictions, driving the tech giant’s stock higher on Tuesday evening.

International Business Machines Q1 2022 earnings infographic

The impressive performance of the company’s key business segments had a positive effect on the top line and revenues increased 8% year-over-year to $14.2 billion in the first quarter. The latest number also exceeded the consensus forecast.

First-quarter adjusted earnings from continuing operations came in at $1.40 per share and topped the estimates. Unadjusted net profit was $733 million or $0.81 per share, compared to last year’s income of $955 million or $1.06 per share.

Check this space to read management/analysts’ comments on IBM’s Q1 2022 earnings

Shares of IBM closed Tuesday’s trading higher and gained further soon after the earnings report. They rose 3.5% in the extended session.

Prior Performance

  • IBM Q4 2021 earnings infographic
  • IBM Q2 2021 earnings infographic


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