IBM reported for the last quarter of 2019 and the year as a whole

Annual revenue of $ 77.1 billion.
IBM has published a report for the fourth quarter of fiscal year 2019 and the entire year as a whole.

The final quarter of last year brought IBM revenue of $ 21.8 billion. This indicator almost did not change in annual terms: the growth was 0.1% or 1%, given the change in the exchange rate. At the same time, cloud computing brought $ 6.8 billion, and growth in this segment amounted to 21%. Net income for the quarter amounted to $ 3.7 billion, which is 88% more than in the fourth quarter of 2018.

Income for the whole of 2019 amounted to $ 77.1 billion, which is 3.1% less than in 2018. If we take into account the change in the exchange rate and other factors, we get even a slight increase – 0.2%. Net income for the year amounted to $ 9.4 billion, an increase of 8% compared to 2018.

The company’s assets at the end of the year were estimated at 152.2 billion dollars. In 2018, this figure was $ 123.4 billion. Liabilities also increased – from $ 106.5 billion to $ 131.2 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *

14 − three =