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International Business Machines Corporation (NYSE: IBM ) said its fourth-quarter 2022 revenue was unchanged year-over-year. Meanwhile, the tech giant’s earnings rose.
Total revenue came in at $16.69 billion, unchanged from the previous year’s period. Fourth quarter earnings from continuing operations were $3.60 per share from $3.35 per share in the year-ago period. On an unadjusted basis, net income was $2.71 billion or $2.96 per share, compared to $2.33 billion or $2.57 per share last year.
Check out this space to read management/analyst commentary on IBM’s Q4 2022 earnings
“Our solid fourth quarter performance capped a year in which we achieved revenue above the mid-single digit model. Clients across all geographies are increasingly embracing hybrid cloud and AI solutions as technology remains a differentiating force in today’s business environment,” said IBM CEO Arvind Krishna .
Previous Performance
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