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On March 11, 2025, IBM CEO Arvind Krishna spoke at the SXSW conference in Austin, Texas.
Andy Venstrand | SXSW conference and festivals | Gets the image
IBM It is reported higher than expected, profit and profit for the first quarter on Wednesday.
Here’s how the company performed:
- Profit per share: 1.60 dollars, adjusted against $ 1.40, expected
- Income: $ 14.54 billion is expected to be $ 14.4 billion
Following statement. Net income decreased to $ 1.06 billion, or $ 1.12 per share, with $ 1.61 billion, or $ 1.72 per share, a year ago.
Over the year 2025, IBM has once again confirmed its expectations for $ 13.5 billion of free cash flow and 5% of permanent currency income. The management called for $ 16.4 billion to $ 16.75 billion in the second quarter. The average part of the range, $ 16,58 billion, ahead of the LSEG consensus of $ 16.33 billion.
“We remain bullish on long-term technology growth opportunities and the world economy,” IBM CEO Arvind Krishna said in a statement. “While the macroeconomic environment is fluid, based on what we know today, we support our full expectations for revenue growth and free cash flow.”
In the first quarter, software revenue increased by 7% to $ 6.34 billion according to consensus among analysts surveyed by Stretaccount.
The IBM Consultation Division has brought $ 5.07 billion, which decreased by 2% and just above $ 5.05 billion.
The company’s infrastructure department, which includes Mainframe Computers, amounted to $ 2.89 billion, above $ 2.76 billion. Previously this month IBM introduce Its mainframe Z17. Infrastructure income is usually selected when customers take the next generation and then go at the end of the cycle.
During the first quarter IBM said settled their lawsuits With the manufacturer of chips GlobalfRoundloss. IBM also closed it Acquisition of $ 6.4 billion Cloud software manufacturer hashicorp and Announced plans To buy data storage software, launch Datastax for undisclosed conditions.
IBM was superior to this year, as the wide market has been developed to a great deal of concern over the tariffs for President Donald Trump and their potential influence on the economy. As of the closure of the Wednesday, IBM shares increased by 11%, and NASDAQ decreased by almost 14%.
The stock decreased by 4% in advanced trade.
The executives will discuss the results with analysts at the conference starting at 5 pm.
This is conducting the news. Please check the updates.
See: Uncertainty-is the “short-term” market, says IBM CEO Krishna
