April 20,2021
IBM Corporation Q1 FY21 Earnings
Market Info
Reported 4/19/2021 Market Close
4/20/2021 price change at open: 2.97%
Ticker: NYSE: IBM
Shares Outstanding: 890.0M
Market Cap: $124.3B
Income Statement
- Q1 2021 Net Sales up .91% from Q1 2020 from $17.57B to $17.73B
- Gross Profit up 3.54% from Q4 2020 from $7.92B to $8.20B
- Gross Profit Margin up 120 bps from 45.1% to 46.3%
- Net Income decreased (18.72%) from Q1 2020 from $1175M to $955M
- Fully-diluted EPS as reported decreased (3.80%) from $1.84 to $1.77
Balance Sheet
- Cash: $14.28B
- Debt: $61.54B
Analyst Consensus
- Analyst Consensus estimate: Adjusted Diluted EPS: $1.69
- Q1 FY21 Adjusted Diluted EPS: $1.77; surpassed analyst consensus
Report created 4/13/2021
With questions or concerns please contact:
Mat Merchel – Analyst
Email: [email protected]
Phone: 925.215.2765