IBM (IBM) Tops Q3 EPS by 2c, Revenue Misses
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IBM Reports 2021 Third-Quarter Results
October 20, 2021 4:08 PM EDTRevenue Performance Led by Consulting and Software; Solid Cash Generation
Highlights
Third Quarter:
Revenue of $17.6 billion, up 0.3 percent (down 0.2 percent adjusting for divested businesses and currency)- Cloud & Cognitive Software up 3 percent (up 2 percent adjusting for currency)
- Global Business Services up 12 percent (up 11 percent adjusting for currency) Revenue, up 2.5 percent (up 1.9 percent adjusting for divested businesses and currency), normalized to exclude Kyndryl to be separated in November Net cash from operating activities of $16.1... More
