IBM Q1 earnings report 2023


IBM Chairman and CEO Arvind Krishna appears on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023.

Stefan Wermuth | Bloomberg | Getty Images

IBM issued stronger-than-expected first-quarter earnings on Wednesday even as the technology and consulting company reported disappointing revenue.

Here’s how the company did:

  • Earnings: $1.36 per share, adjusted, vs. $1.26 per share as expected by analysts, according to Refinitiv.
  • Revenue: $14.25 billion, vs. $14.35 billion as expected by analysts, according to Refinitiv.

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IBM’s revenue increased 0.4% from a year earlier in the quarter, according to a statement. Net income rose 26% to $927 million, or…

Source cnbc.com

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