IBM beats on earnings and revenue, maintains full-year guidance

IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025. IBM reported better-than-expected earnings and revenue for the first quarter on Wednesday. Here's how the company performed: Earnings per share: $1.60 adjusted vs. $1.40 expected $1.60 adjusted vs. $1.40 expected Revenue: $14.54 billion vs. $14.4 billion expected Revenue increased 0.6% in the quarter from $14.5 billion a year earlier, according to a statement. Net income slid to $1.06 billion, or $1.12 per share, from $1.61 billion, or $1.72 per share, in the same quarter a year ago. For 2025, IBM reiterated its expectation for $13.5 billion in free cash flow and 5% revenue growth at constant currency. At current exchange rates, currency will provide 150 basis points of benefit for 2025 growth, down from the company's forecast of 200 basis points in January. Management called for $16.4 billion to $16.75 billion in second-quarter revenue. The middle of the range, $16.58 billion, is ahead of ... Read full article.