IBM (NYSE:IBM) closed Monday at $121.01 per share. The company reported Q1 results after the bell.
Earnings per share fell 18.22% over the past year to $1.84, which beat the estimate of $1.79.
Revenue of $17,571,000,000 lower by 3.36% year over year, which missed the estimate of $17,620,000,000
Details Of The Call
Webcast URL: https://edge.media-server.com/mmc/p/j9wbdcaf
Recent Stock Performance
52-week high: $158.75
52-week low: $90.56
Price action over last quarter: down 15.90%
IBM looks to be a part of every aspect of an enterprise’s IT needs. The company primarily sells infrastructure services (37% of revenue), software (29% of revenue), IT services (23% of revenue) and hardware (8% of revenues). IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients – which includes 95% of all Fortune 500. While IBM is a B2B company, IBM’s outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
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