Company Earnings Update 3 minutesRegister for Free AccessIBM (NYSE: IBM) 1Q19 Results: Mixed Results, Revenues Down for Third Consecutive Quarter, Reiterates Guidance Coresight Research April 17, 2019 Executive Summary IBM reported 1Q19 revenues of $18.18 billion, down 4.7% year over year and missing the $18.47 billion consensus estimate. Adjusted EPS was $2.25, down from $2.45 billion the year-ago quarter and beating consensus by three cents. The revenue decline was driven by an 11.5% decrease in the systems segment and a 7.4% decrease in the technology services and cloud services segment. Revenues the cognitive solutions segment declined slightly and global business services revenue was flat. The company guided for 2019 adjusted EPS of $13.90, in line with the consensus estimate. The Red Hat acquisition is expected to close in the second half of the year. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Analyst Corner: A Definitive Guide to US Drugstore Retail with Aditya Kaushik2Q23 US Retail Inventory Tracker: Inventory Turnover Ratios Improve for Many Retailers Due to Disciplined ApproachesNextGen Commerce—Event Insights: Revolutionizing Retail Through AIHoliday 2023: US Retail Update—What We’ve Seen So Far as Retail Heads into Black Friday