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";s:4:"text";s:11954:" This line represents revenue that would have been recognized by Red Hat under GAAP if the acquisition had not occurred, but was not recognized by IBM due to purchase accounting and intercompany adjustments. IBM (IBM) reports earnings on 10/19/2020 and is expected to beat estimates with an Earnings Whisper number of $2.62. John Bukovinsky, 732‑618‑3531 Forward-Looking and Cautionary Statements. other. Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts). MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Quarterly earnings announcements IBM 3Q 2020 Earnings Announcement Link to Webcast. IBM (NYSE:IBM) last released its quarterly earnings data on Monday, July 20th. Facebook. (2) Red Hat revenue was included in IBM’s consolidated results beginning July 9, 2019. International Business Machines Corporation operates as an integrated technology and services company worldwide. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: IBM (NYSE:IBM) is scheduled to announce its earnings results after the market closes on Monday, October 19th. IBM had a net margin of 10.44% and a return on equity of 51.06%. Financial Results Below (certain amounts may not add due to use of rounded numbers; percentages presented are calculated from the underlying whole-dollar amounts). IBM today announced third-quarter 2020 earnings results. Event details. Highlights for the third quarter include: “In the third quarter we continued to deliver strong gross profit margin expansion, generated solid free cash flow and maintained a sound capital structure with ample liquidity," said James Kavanaugh, IBM senior vice president and chief financial officer. * Recast to conform with 2020 presentation. Debt, including Global Financing debt of $20.9 billion, totaled $65.4 billion. IBM has a 12-month low of $90.56 and a 12-month high of $158.75. Share. Strong Cloud Revenue Growth; Gross Margin Expansion; Solid Balance Sheet and Liquidity Position. This will accelerate our growth strategy and better position IBM to seize the $1 trillion hybrid cloud opportunity.”. Looking for new stock ideas? Consolidated diluted earnings per share was $4.72 compared with $6.45 per diluted share for the 2019 period, a decrease of 27 percent. The company had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.72 billion. Edward Barbini, 914‑499‑6565 Presentation of Information in this Press Release. Consolidated net income was $4.2 billion, down 27 percent year to year. Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Revenue for July 1 – July 8, 2019 represents pre-acquisition Red Hat standalone revenue and is included for computing year over year change purposes. Includes amortization of purchased intangible assets, in process R&D, transaction costs, applicable restructuring and related expenses, tax charges related to acquisition integration and pre-closing charges, such as financing costs. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Want to see which stocks are moving? node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, https://www.ibm.com/investor/events/earnings-3q20, https://www.businesswire.com/news/home/20201019005831/en/, Do Not Sell My Personal Information (CA Residents Only), Red Hat revenue up 17 percent (up 16 percent adjusting for currency), normalized for historical comparability, GAAP gross profit margin of 48 percent, up 180 basis points; Operating (non-GAAP) gross profit margin of 49 percent, up 160 basis points, Global Business Services (includes Consulting, Application Management and Global Process Services) — revenues of, Global Technology Services (includes Infrastructure & Cloud Services and, Global Financing (includes financing and used equipment sales) — revenues of. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. See what's happening in the market right now with MarketBeat's real-time news feed. Revenue for July 1 – July 8, 2019 represents pre-acquisition Red Hat standalone revenue and is included for computing year over year change purposes. In an effort to provide investors with additional information regarding the company’s results as determined by generally accepted accounting principles (GAAP), the company has also disclosed in this press release the following non-GAAP information, which management believes provides useful information to investors: The rationale for management’s use of these non-GAAP measures is included in Exhibit 99.2 in the Form 8‑K that includes this press release and is being submitted today to the SEC. adjusting for currency (i.e., at constant currency); total revenue and cloud revenue adjusting for divested businesses and currency; Red Hat revenue normalized for historical comparability; presenting operating (non-GAAP) earnings per share amounts and related income statement items; net cash from operating activities, excluding Global Financing receivables. LinkedIn. Event details. "The strong performance of our cloud business, led by Red Hat, underscores the growing client adoption of our open hybrid cloud platform," said Arvind Krishna, IBM chief executive officer. Presentation charts will be available shortly before the Webcast. Any forward-looking statement in this release speaks only as of the date on which it is made. IBM (IBM) Q3 2020 Earnings Call Transcript IBM earnings call for the period ending September 30, 2020. "Separating the managed infrastructure services business creates a market-leading standalone company and further sharpens our focus on IBM's open hybrid cloud platform and AI capabilities. To see all exchange delays and terms of use please see disclaimer. * Recast to conform with 2020 presentation. When the pandemic struck and lock-downs took effect manufacturers shuttered their plants and supply chains dried up. Restricted Cash and Short-term Marketable Securities, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. This will accelerate our growth strategy and better position IBM to seize the $1 trillion hybrid cloud opportunity.”. John Bukovinsky, 732‑618‑3531 Email. jbuko@us.ibm.com, https://www.ibm.com/investor/events/earnings-3q20, GAAP EPS from continuing operations of $1.89, Revenue of $17.6 billion, down 2.6 percent (down 3.1 percent adjusting for divested businesses and currency), Total cloud revenue of $6.0 billion, up 19 percent, Red Hat revenue up 17 percent (up 16 percent adjusting for currency), normalized for historical comparability, GAAP gross profit margin of 48 percent, up 180 basis points; Operating (non-GAAP) gross profit margin of 49 percent, up 160 basis points, Net cash from operating activities of $15.8 billion and free cash flow of $10.8 billion, over the last 12 months. The company returned $1.5 billion to shareholders in dividends. We have compiled a list of 7 transportation stocks that can't be ignored. IBM's revenue for the quarter was down 5.4% compared to the same quarter last year. A number of analysts have recently weighed in on the stock. mp3. jbuko@us.ibm.com, Location*Please select…United StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, the Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, the former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet NamVirgin Islands (British)Virgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe. Facebook. IBM (NYSE: IBM) Q3 2020 Earnings Call Oct 19, 2020, 5:00 p.m. other. Email. Start Your Risk-Free Trial Subscription Here, The Diagnosis for Quest Diagnostics: Strong Growth Ahead. barbini@us.ibm.com IBM ended the third quarter with $15.8 billion of cash on hand which includes marketable securities, up $6.7 billion from year-end 2019. The company had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.72 billion. IBM ended the third quarter with $15.8 billion of cash on hand which includes marketable securities, up $6.7 billion from year-end 2019. Press Release (103 KB) pdf. "We have the necessary financial flexibility to increase our investments in hybrid cloud and AI technology innovation and skills, while remaining committed to our long-standing dividend policy.”. Learn more. IBM’s regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. EDT, today. Citigroup upped their price target on shares of IBM from $120.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Any forward-looking statement in this release speaks only as of the date on which it is made. ";s:7:"keyword";s:22:"ibm earnings date 2020";s:5:"links";s:2956:"Samuel L Jackson Interviews, Duggar Home, Objects Of Desire Lyrics, Raatchasi Tamilrockers, Thomas Clay, Mulan Full Movie Dailymotion, Nina Dobrev And Glen Powell 2020, Eric Holland Boxer, Bribie Island Weather September, Waterloo Eurovision, Wake Me When It's Over Meaning, Sonny Bono Funeral, Frozen Dragon, Hottest Months In Perth, Steve Mowry Vs Gokhan Saricam, Out In The Dark English Subtitles, Teddy Boy Clothing, If Film Poster, Salaam E Ishq Watch Online, Ottoman Empire, Caveman Meaning In Telugu, Yeh Jawani Phir Nahi Ani 2 Watch Online, Xem Price Prediction, Evaru Telugu Full Movie Online Movierulz, ";s:7:"expired";i:-1;}