The company said revenue for Q4 2023 rose 4% to $17.4 billion, up 3% at constant currency. Growth came from Software, up 3%, Consulting, up 6%, and Infrastructure, up 3%, with revenue rising in all segments.

1. 01

   The company said revenue for Q4 2023 rose 4% to $17.4 billion, up 3% at constant currency. Growth came from Software, up 3%, Consulting, up 6%, and Infrastructure, up 3%, with revenue rising in all segments.

2. 02

   The company said its full-year GAAP gross profit margin rose 1.4 points to 55.4%. For Q4, its GAAP gross profit margin rose 1.4 points to 59.1%.

3. 03

   The company said net cash from operating activities for 2023 rose $3.5 billion to $13.9 billion, and free cash flow rose $1.9 billion to $11.2 billion.

4. 04

   The company said it expects constant currency revenue growth for 2024 to be consistent with its mid-single digit model. At current foreign exchange rates, currency is expected to be a 1-point headwind to revenue growth, and it said it expects free cash flow of about $12 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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