IBM said the divestiture of The Weather Company assets was completed on January 31, 2024. In Q1 2024, it realigned its management structure so these assets are managed outside the Software segment, within Other divested businesses.

1. 01

   IBM said the divestiture of The Weather Company assets was completed on January 31, 2024. In Q1 2024, it realigned its management structure so these assets are managed outside the Software segment, within Other divested businesses.

2. 02

   The company said management responsibility for Security Services has moved to Consulting, and Security Services, previously reported in the Software segment, will move to the Consulting segment.

3. 03

   Under the changes, the company said its reportable segments have historically included stock-based compensation and net interest expense allocations, but these will now be excluded from segment profitability. It also said the interest presentation for the Financing segment will not change.

4. 04

   The company said the new segment structure will be reflected in its reported results beginning in Q1 2024, with no impact on consolidated results. It also said it plans to provide recast segment financials for 2022 and 2023 by the end of March.

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

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