IBM Reports Q1 EPS Beat, Shares Up 2%

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Revenues for Software and Consulting segments were $5.8 billion (up 12.3%, and 15.4% at constant currency basis) and $4.8 billion (up 13.3%, and up 17.4% at constant currency basis), respectively. Infrastructure segment revenue was $3.2 billion (down 2.3%, and up 0.3% at constant currency basis). Financing segment revenue was $0.2 billion (down 26.2%, and down 24.5% at constant currency basis).

According to Arvind Krishna, chairman and CEO of IBM, the company is off to a solid start for 2022 and expects revenue growth for the year at the high end of its model.

By Davit Kirakosyan