Monksdream
8 months ago
Earnings spotlight: Wednesday, July 19 - Goldman Sachs (GS), Tesla (TSLA), Netflix (NFLX), IBM (IBM), U.S. Bancorp (USB), United Airlines (UAL), Las Vegas Sands (LVS), and Nasdaq (NDAQ).
W3Research
1 year ago
International Business Machines Full Year 2022 Earnings: EPS Beats Expectations
Simply Wall St
January 27, 2023, 5:58 am
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).
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earnings-and-revenue-growth
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.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for International Business Machines you should be aware of, and 1 of them is a bit concerning.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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W3Research
1 year ago
IBM CEO Talks AI ...
https://www-moneycontrol-com.cdn.ampproject.org/v/s/www.moneycontrol.com/news/business/advanced-ai-systems-more-likely-to-replace-white-collar-clerical-work-says-ibms-arvind-krishna-9898991.html/amp?amp_gsa=1&_js_v=a9&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16743512000743&csi=0&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.moneycontrol.com%2Fnews%2Fbusiness%2Fadvanced-ai-systems-more-likely-to-replace-white-collar-clerical-work-says-ibms-arvind-krishna-9898991.html
Advanced AI systems more likely to replace white collar clerical work, says IBMβs Arvind Krishna
MONEYCONTROL NEWS
JAN 20, 2023 / 08:54 AM IST
The IBM CEO quipped that AI systems are not likely to replace roles like farmers and truck drivers in the near term.
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Arvind Krishna, CEO of International Business Machines Corporation (IBM) | (Reuters file image)
Work that is repetitive in nature and can be automated will start to be done by AI systems, according to IBM Chief Executive Officer Arvind Krishna. Speaking to Moneycontrol at the World Economic Forum in Davos, the IBM CEO said that such work that can be done by AI systems is not a threat, and that he believes that AI systems are more likely to replace white collar clerical workers.
βI think these advanced AI systems will more likely replace white collar clerical workers, than the physical world where people tend to go. It's not going to replace farmers and truck drivers in the near term. Those are much further out, if at all," he quipped.
Cheers!