International Business Machines (NYSE:IBM) Full Year 2022 Results
Key Financial Results
Revenue: US$60.5b (up 5.5% from FY 2021).
Net income: US$1.78b (down 62% from FY 2021).
Profit margin: 2.9% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses.
EPS: US$1.97 (down from US$5.26 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
International Business Machines EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 45%.
Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company’s shares are down 4.8% from a week ago.
You should always think about risks. Case in point, we’ve spotted 4 warning