The company said revenue for Q3 2024 was $15.0 billion, up 1% (up 2% at constant currency). By segment, Software revenue was $6.5 billion, up 9.7%, and Infrastructure revenue was $3.0 billion, down 7.0%.

1. 01

   The company said revenue for Q3 2024 was $15.0 billion, up 1% (up 2% at constant currency). By segment, Software revenue was $6.5 billion, up 9.7%, and Infrastructure revenue was $3.0 billion, down 7.0%.

2. 02

   IBM said its GAAP pre-tax loss from continuing operations for Q3 was $(0.8) billion and its loss per share from continuing operations was $(0.34). It said the results included a one-time, non-cash pension settlement charge of $2.7 billion ($2.0 billion net of tax). The charge related to the transfer of a portion of its U.S. defined benefit pension obligations to a third-party insurer.

3. 03

   The company said its GAAP gross profit margin for Q3 was 56.3%, up 190 basis points, and its Operating (Non-GAAP) gross profit margin was 57.5%, up 210 basis points. It said Operating (Non-GAAP) earnings per share were $2.30, compared with $2.20 a year earlier.

4. 04

   The company said that for Q3 its net cash from operating activities was $2.9 billion and free cash flow was $2.1 billion, and that it paid $1.5 billion in dividends. It also said that it continues to expect fourth-quarter constant currency revenue growth to be consistent with Q3 in Q4, and more than $12 billion in free cash flow for the full year.

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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