IBM Q4 earnings report 2023


IBM CEO Arvind Krishna speaks during the Business 20 (B-20) Summit in New Delhi on Aug. 25, 2023.

Prakash Singh | Bloomberg | Getty Images

IBM shares rose as much as 8% in extended trading Wednesday after the tech and services provider announced fourth-quarter results that exceeded Wall Street’s expectations.

Here’s how the company did, compared to the consensus among analysts surveyed by LSEG, formerly known as Refinitiv:

  • Earnings per share: $3.87, adjusted vs. $3.78 expected.
  • Revenue: $17.38 billion vs. $17.30 billion expected.

IBM’s revenue increased 4% year over year in the quarter, according to a statement. Net income, at $3.29 billion, or $3.55 per share, increased from $2.71 billion, or…

Source cnbc.com

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