IBM: 2% dip in EPS for third quarter

(CercleFinance.com) - Wednesday evening, IBM unveiled (non-GAAP) net operating profit down 1% at 1.
7 billion dollars for the third quarter of 2022, or 1.81 dollars per share (-2%), despite an adjusted pre-tax income upswing of 1.8 points to 13.9%.

The IT giant's revenue is up 6% to 14.1 billion dollars (representing a rise of 15% at constant currency), a growth bolstered by approximately five per cent thanks to Kyndryl sales.

"With our year-to-date performance, we now expect full-year revenue growth above our mid-single digit model”, says CEO Arvind Krishna.

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