Categories AlphaGraphs, Earnings, Technology

IBM Earnings: All you need to know about IBM’s Q3 2021 earnings results

International Business Machines Corporation (NYSE: IBM) reported third quarter 2021 earnings results today.

Total revenue was $17.6 billion, up 0.3% from the same period a year ago. Red Hat revenue rose 17%.

GAAP net income from continuing operations declined 33% year-over-year to $1.1 billion, or $1.25 per share. Adjusted EPS fell 2% to $2.52.

Earnings beat expectations but revenue fell short of estimates.

During the quarter, the company returned $1.5 billion to shareholders in the form of dividends.

Prior performance

IBM Q2 2021 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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