IBM (IBM) reported Q4 FY2024 earnings of $3.92 per share (versus $3.87 per share in Q4 FY2023), beating analysts’ consensus estimate of $3.78 per share.
The company’s quarterly revenues amounted to $17.553 bln (+1.0% y/y), roughly in line with analysts’ consensus estimate of $17.558 bln.
The company also said that it expects y/y revenue growth in constant currency (CC) in Q1 FY2025 to be similar to Q4's FY2024 (+2% y/y in CC; not comparable to analysts’ consensus estimate). FY2025 CC y/y revenue growth is seen to be +5% (not comparable to analysts’ consensus estimate).
IBM rose to $247.23 (+8.14%) in pre-market trading.
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