International Business Machines Corporation (IBM) is a technology company based in USA. According to the latest financial data, IBM’s Revenue has been steadily increasing over the past few years. As of April 19, 2023, the estimated revenue was $163.7 billion, compared to $141.97 billion on April 19, 2022 and $155.35 billion on July 18, 2022.
The revenue for the fourth quarter ended March 31, 2023 was not reported yet but it is expected to be significantly higher than in the same period of last year when it was approximately $140.91 billion. The estimated earnings per share (EPS) for this period is also higher than in 2022 with an estimate of 6.09 compared to 1.4 in 2022 and 3.6 in January 25th 2023.
Aside from its growing revenue and EPS performance, IBM also has a high market capitalization of around $121 billion which indicates that it is able to generate sufficient profits to cover its expenses and investments as well as pay dividends to shareholders over time. Overall, these figures point towards a strong financial standing for IBM and suggest that it will continue to be a profitable business in the future.