IBM: EPS virtually unchanged in Q4

(CercleFinance.com) - On Wednesday evening, IBM reported a 3% increase in net operating profit (non-GAAP) to $3.
7bn for Q4 2024, or $3.92 per share (+1%), with an adjusted pre-tax margin improving by 0.4 point to 24.3%. NB: pmt +8%.

The IT giant's sales rose by 1% to $17.6bn as reported, and by 2% at constant exchange rates, with 11% growth in software offsetting declines of 1% in consulting and 6% in infrastructure.

Our AI backlog now stands at over $5bn, up almost $2bn sequentially, says Chairman and CEO Arvind Krishna.

For 2025, IBM anticipates annual free cash flow of around $13.5bn (after $12.7bn for FY 2024), as well as revenue growth at constant exchange rates of at least 5% (after +3% in 2024).


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