IBM: Next Step
Along with reporting Q4 results, IBM (IBM) reported the next step in returning to growth. The stock never belonged below $120.
The technology giant reported the following results for Q4'18:
- Non-GAAP EPS of $4.87 beats by $0.05.
- Revenue of $21.76B (-3.5% Y/Y) beats by $30M.
- EPS of at least $13.90
- FCF of $12B
Disclosure: Long IBM. Please review the disclaimer page for more details.