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IBM's Q4 Earnings Top Estimates, Cloud Momentum Aids Revenues
International Business Machines Corporation IBM reported fourth-quarter 2019 non-GAAP earnings of $4.71 per share, which surpassed the Zacks Consensus Estimate by 0.4%. However, the bottom line fell 3% on a year-over-year basis.
Revenues of $21.78 billion surpassed the Zacks Consensus Estimate by 0.4% and inched up 0.1% on a year-over-year basis. At constant currency (cc), the top line improved 1%. Adjusting for currency and divested businesses, the top line increased 3%.
The year-over-year revenue growth can primarily be attributed to increase in Cloud & Cognitive Software Segment and Systems revenues. Markedly, total Cloud revenues came in at $6.8 billion during the quarter, up 21% year on year.
However, revenues from signings declined 9% (at cc) in the fourth quarter to $14.4 billion. Also, backlog fell 3% (at cc) year over year and amounted to $112.4 billion.
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https://finance.yahoo.com/news/ibms-q4-e...02630.html
![[Bild: IBMc1dl1448.png]](https://finviz.com/publish/012220/IBMc1dl1448.png)
International Business Machines Corporation IBM reported fourth-quarter 2019 non-GAAP earnings of $4.71 per share, which surpassed the Zacks Consensus Estimate by 0.4%. However, the bottom line fell 3% on a year-over-year basis.
Revenues of $21.78 billion surpassed the Zacks Consensus Estimate by 0.4% and inched up 0.1% on a year-over-year basis. At constant currency (cc), the top line improved 1%. Adjusting for currency and divested businesses, the top line increased 3%.
The year-over-year revenue growth can primarily be attributed to increase in Cloud & Cognitive Software Segment and Systems revenues. Markedly, total Cloud revenues came in at $6.8 billion during the quarter, up 21% year on year.
However, revenues from signings declined 9% (at cc) in the fourth quarter to $14.4 billion. Also, backlog fell 3% (at cc) year over year and amounted to $112.4 billion.
...
https://finance.yahoo.com/news/ibms-q4-e...02630.html
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