Company news: IBM’s (IBM) quarterly results beat analysts’ forecasts

IBM (IBM) reported Q1 FY2025 earnings of $1.60 per share (versus $1.68 per share in Q1 FY2024), beating analysts’ consensus estimate of $1.42 per share.

The company’s quarterly revenues amounted to $14.541 bln (+0.5% y/y), beating analysts’ consensus estimate of $14.390 bln.

The company issued upside revenue guidance for Q2 FY2025 of $16.40-16.75 bln versus analysts’ consensus estimate of $16.31 bln. It also reaffirmed the FY2025 revenue growth forecast of at least 5% y/y in constant currency and the free cash flow forecast of about $13.5 bln.

IBM fell to $227.20 (-7.45%) in pre-market trading.