IBM: Q4 2020 EPS down 56%

(CercleFinance.com) - IBM has reported Q4 2020 revenue of 20.
4 billion dollars, down 6% y-o-y.

With net profit of 1.9 billion dollars over the period, adjusted EPS reached 2.07 dollars. While better than the consensus, it was still down 56% y-o-y.

For FY 2020, IBM recorded revenues of 73.6 billion dollars (-5% compared to 2019), with adjusted EPS amounting to 8.67 dollars, down 32% from 2019.


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