Worldwide Enterprise Machines Company (NYSE: IBM) mentioned its fourth-quarter 2022 revenues remained unchanged year-over-year In the meantime, the tech big’s adjusted earnings elevated.
Complete revenues got here in at $16.69 billion, unchanged from the prior-year interval. Fourth-quarter adjusted earnings from persevering with operations moved as much as $3.60 per share from $3.35 per share within the year-ago interval. On an unadjusted foundation, the web revenue was $2.71 billion or $2.96 per share, in comparison with $2.33 billion or $2.57 per share final 12 months.
Examine this area to learn administration/analysts’ feedback on IBM’s This fall 2022 earnings
“Our strong fourth-quarter efficiency capped a 12 months by which we grew income above our mid-single digit mannequin. Shoppers in all geographies more and more embraced our hybrid cloud and AI options as expertise stays a differentiating power in as we speak’s enterprise atmosphere,” mentioned IBM’s CEO Arvind Krishna.
(this story will probably be up to date shortly)