IBM’s FY’19 Q1 revenue stands at $19.1 billion, up 5 percent

  • Revenue of $19.1 billion, up 5 percent (flat adjusting for currency)
  • Gross margin reflects broad-based improvement in year-to-year performance compared to fourth quarter
  • GAAP EPS from continuing operations of $1.81; Operating (non-GAAP) EPS of $2.45, up 4 percent
  • Strategic imperatives revenue of $37.7 billion over last 12 months, up 12 percent (up 10 percent adjusting for currency); represents 47 percent of IBM revenue
  • Cloud revenue of $17.7 billion over last 12 months, up 22 percent (up 20 percent adjusting for currency)
  • As-a-service annual exit run rate for cloud revenue of $10.7 billion in the quarter, up 25 percent year to year (up 20 percent adjusting for currency)
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