AI English summary of an SEC filing — figures as filed
IBM IBMThe company said revenue for Q4 2024 was $17.6 billion, up 1% (up 2% at constant currency). Software revenue rose 10%, Consulting revenue fell 2%, and Infrastructure revenue fell 8%.
Key points
AI summaryThe company said revenue for Q4 2024 was $17.6 billion, up 1% (up 2% at constant currency). Software revenue rose 10%, Consulting revenue fell 2%, and Infrastructure revenue fell 8%.
The company said its full-year 2024 GAAP income from continuing operations was $6.0B, with diluted earnings per share of $6.42. It said the results include a one-time, non-cash U.S. and non-U.S. pension settlement charge of $3.1 billion ($2.4 billion net of tax).
The company said net cash from operating activities for full-year 2024 was $13.4 billion, down $0.5 billion year to year, and free cash flow was $12.7 billion, up $1.5 billion. It returned $1.5 billion to shareholders in dividends in Q4.
The company said it expects full-year 2025 constant currency revenue growth of at least 5% and free cash flow of about $13.5 billion. At current foreign exchange rates, it said currency is expected to be about a 2-point headwind to growth for the year.
Summary
AI-writtenAnalysis 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.
Revenue for Q4 at $17.6 billion; Software up 10%
The company said revenue for Q4 2024 was $17.6 billion, up 1% (up 2% at constant currency). Software revenue rose 10%, Consulting revenue fell 2%, and Infrastructure revenue fell 8%.
Source · Based on the filing body and exhibits
Full-Year GAAP Income From Continuing Operations of $6.0B Includes Pension Charges
The company said its full-year 2024 GAAP income from continuing operations was $6.0B, with diluted earnings per share of $6.42. It said the results include a one-time, non-cash U.S. and non-U.S. pension settlement charge of $3.1 billion ($2.4 billion net of tax).
Source · Based on the filing body and exhibits
Full-Year Operating Cash Flow of $13.4 billion; Free Cash Flow of $12.7 billion
The company said net cash from operating activities for full-year 2024 was $13.4 billion, down $0.5 billion year to year, and free cash flow was $12.7 billion, up $1.5 billion. It returned $1.5 billion to shareholders in dividends in Q4.
Source · Based on the filing body and exhibits
Full-Year 2025 Revenue Growth and Free Cash Flow Outlook
The company said it expects full-year 2025 constant currency revenue growth of at least 5% and free cash flow of about $13.5 billion. At current foreign exchange rates, it said currency is expected to be about a 2-point headwind to growth for the year.
Source · Based on the filing body and exhibits
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.
Loading the filing text…