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