The company reported revenue of $15.8 billion, income from continuing operations of $1.8 billion and diluted earnings per share from continuing operations of $1.96 ($2.43 on an operating (non-GAAP) basis) for Q2 2024. The company said total revenue grew 1.9% as reported and 4% adjusted for currency.

1. 01

   The company reported revenue of $15.8 billion, income from continuing operations of $1.8 billion and diluted earnings per share from continuing operations of $1.96 ($2.43 on an operating (non-GAAP) basis) for Q2 2024. The company said total revenue grew 1.9% as reported and 4% adjusted for currency.

2. 02

   The company said Software revenue for Q2 grew 7.1% as reported and 8.4% adjusted for currency, while Consulting revenue decreased 0.9% as reported but grew 1.8% adjusted for currency. It said Infrastructure revenue increased 0.7% as reported and 2.7% adjusted for currency.

3. 03

   The company said gross margin for Q2 was 56.8%, up 1.8 points year to year. Pre-tax income from continuing operations was $2.2 billion, up 11.0%, and pre-tax margin was 14.1%. The company cited revenue growth, portfolio mix and productivity actions as factors in the gross margin change.

4. 04

   The company said cash provided by operating activities for Q2 2024 was $2.1 billion, a decrease of $0.6 billion from the prior-year period, and free cash flow was $2.6 billion, an increase of $0.5 billion. It said it returned $1.5 billion to shareholders in dividends in the same quarter.

Key figures

Quarter ended June 30, 2024

Revenue

$15.8B

Net income

$1.8B

EPS

$1.96

Gross profit

$8.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.