Company Earnings UpdateIBM (NYSE: IBM) 3Q19 Results: Remains on Track to Meet 2019 Guidance with Strength in Cloud, Red Hat and Consulting Coresight Research October 17, 2019 Executive Summary IBM reported 3Q19 revenues of $18.03 billion, down 3.9% year over year and below the $18.22 billion consensus estimate. Adjusted EPS was $2.68, down 21.6% from the year-ago quarter and beating the $2.66 consensus estimate. Revenues grew 6.4% year over year in the cloud and cognitive software segment, grew 1.0% in the global business services segment and declined in the global technology services, systems, global financing and other segments. IBM reaffirmed its 2019 adjusted EPS guidance of at least $12.80, adjusted downward by $1.10 on August 2 to account for the Red Hat acquisition. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Earnings Insights 4Q24, Week 7: Costco, Inditex and Puma Lead with Solid Fourth-Quarter GrowthWeekly UK Store Openings and Closures Tracker 2025, Week 31: Greggs Opens More than 60% of Its Announced Store OpeningsDepartment Stores in Focus; Plus, Consumer Sentiment Latest: US Consumer Survey InsightsInnovator Profile: Lumi AI—Uncovering Hidden Value with Automated Data Intelligence
