HALISTER: IBM Oper EPS Beats Ests; Reaffirms Yr View

IBM Oper EPS Beats Ests; Reaffirms Yr View

(Bloomberg) -- IBM 3Q oper EPS $3.29, est. $3.23.
  • CEO highlights double-digit growth in strategic imperatives
  • 3Q rev. $19.2b, est. $19.0b
  • 3Q strategic imperatives revenue $8.0b
  • 3Q cognitive solutions rev. $4.24b vs $4.05b y/y
  • 3Q global services rev. $4.19b vs $4.21b y/y
  • 3Q technology services & cloud platforms rev. $8.75b vs $8.54b y/y
  • 3Q systems rev. $1.56b vs $1.97b y/y
  • 3Q adj. gross margin 48.0%, est. 50.1%
  • 3Q free cash flow $2.43b vs $3.29b y/y
  • Affirms Yr Free Cash Flow View
Statement NOTE:
  • 7 buys, 18 holds, 3 sells before today
  • Call 5pm (NY time)
  • Oct. 14, PREVIEW IBM 3Q: RBC Sees Earnings In-Line to ‘Slight Upside’
  • Oct. 12, BI: IBM’s EPS Likely to Improve as Investments Mature: 3Q Preview
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
IBM US (International Business Machines Corp)

People
Martin Schroeter (International Business Machines Corp)
Virginia Rometty (International Business Machines Corp)

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