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.
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