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.
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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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