IBM: Q1 EPS exceeds expectations
(CercleFinance.com) - On Tuesday evening, IBM announced Q1 2019 net operating income (non-GAAP) that is down 12% at 2 billion dollars, or 2.
25 dollars per share, three cents above the consensus.
The IT giant's revenues fell by 4.7% to 18.2 billion dollars (-0.9% excluding currency effects), despite the acceleration in growth of cloud revenues (19.5 billion dollars over the last twelve months, up 12% excluding currency effects).
The group based in Armonk (New York State) confirms that it is expecting operating EPS of at least 13.90 dollars for fiscal year 2019, along with free cash flow of about 12 billion dollars.
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