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4q20’s revenue was US $20.367 billion, down 6% year on year From IBM

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The following is the 4q20’s revenue was US $20.367 billion, down 6% year on year From IBM recommended by recordtrend.com. And this article belongs to the classification: cloud computing, Enterprise financial report, Investment & Economy, New generation of information technology industry.

On January 21, 2021, IBM released its financial report today. According to the financial report, in the three months ending December 31, IBM’s revenue in the fourth quarter was US $20.367 billion, down 6% from US $21.777 billion in the same period of last year. Excluding the impact of exchange rate changes, IBM’s revenue decreased 8% year on year. That was lower than the average analyst forecast of $20.75 billion. Moreover, the company has not seen a year-on-year growth in revenue for the tenth consecutive quarter. IBM’s revenue has fallen for the tenth consecutive quarter.

According to the financial report, according to GAAP, IBM’s profit from continuing operations was US $1.264 billion, down 66% from US $3.669 billion in the same period of last year; otherwise, IBM’s profit from continuing operations was US $1.9 billion, down 56% from the same period of last year.

In the fourth quarter, revenue in IBM’s business unit fell. Revenue from cloud and cognitive software, IBM’s largest division, fell 4.5% from the same period last year. The sector grew by 7% in the third quarter. Total cloud computing revenue grew 10% to $7.5 billion. Although this is IBM’s highest revenue so far, its growth rate is slower than that of 19% in the previous quarter. In global technology services, revenue fell 5.5%, while sales from global business services fell 2.6%. Sales of systems, including hardware and operating system software, fell 18%.

Jim Kavanaugh, IBM’s chief financial officer, said in a conference call with analysts: “since (last) March, the environment we’ve faced has been challenging, and it’s changing with customer buying behavior and priorities Considering the uncertainty of macro-economy, more and more customers tend to shorten the construction period, which affects our software revenue. “

Under the leadership of new chief executive Arvind Krishna, the company has recently been trying to expand into cloud computing and artificial intelligence. Daniel Elman, an analyst at nucleus research, said: “the results more or less reflect the difficulties they are in trying to restructure their business.”

Krishna said the company’s focus on the cloud and artificial intelligence will “stand firm” and give him “confidence in revenue growth by 2021” and free cash flow of $11 billion to $12 billion. Since the withdrawal of its annual plan for 2020 in April last year, the company has never given a specific financial forecast.

IBM closed at $131.65, down more than 7% in after hours trading. The stock has fallen about 5% in the past 12 months.

IBM: 1q20 net profit $1.176 billion, down 26% year on year IBM:3Q20 Revenue down 2.6% red hat and hybrid cloud business shine Microsoft: 3q20 financial report teleconference record to “cloud” will be an inevitable trend in the future IBM: 2q20 revenue down 5.4% year on year to 18.1 billion US dollars NVIDIA: 3q20 revenue to 4.726 billion US dollars Year on year growth of 57% Microsoft: 3q20 net profit of US $10.752 billion, year on year growth of 22% Intel: 1q20 net profit of US $5.7billion, year on year growth of 42% UFIDA: cloud service revenue in 2019, year on year growth of 132% Intel: 4q20 net profit of us $5.8billion, year on year decline of 15% Moore’s law no longer ends the world energy is not enough for computers IBM: salesforce status report Microsoft: 4q20 net profit $11.202 billion, down 15% year on year Alphabet:1Q20 First quarter revenue 41.159 billion US dollars, up 13% year on year Baidu: 1q20 revenue 22.5 billion yuan, exceeding market expectations

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