Earnings Results: IBM posts biggest annual sales increase in more than a decade, announces layoffs


International Business Machines Corp. increased sales more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell in extended trading Wednesday.

IBM IBM reported fourth-quarter earnings of $2.71 billion, or $3.13 a share, on revenue of $16.7 billion, in line with about $16.7 billion in the same quarter a year ago. After adjusting for acquisition- and retirement-related costs and other charges, IBM reported earnings of $3.60 a share, up from adjusted earnings of $3.35 a share in…

Earnings Results: Tesla posts record quarterly profit amid challenges, offers sunny outlook

Previous article

Your Digital Self: Bitcoin and crypto are moving past FTX’s collapse, but the road back will be rough

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in News