International Business Machines ( (IBM) ) has issued an announcement.
IBM announced changes to its revenue reporting categories within its Software and Consulting segments, effective from the first quarter of 2025. These updates aim to better align with market opportunities and provide more relevant information to investors, without affecting IBM’s consolidated financial statements. The changes involve recasting historical financials for 2023 and 2024 and adjusting revenue categories to reflect the company’s strategic focus on hybrid cloud, automation, data, and transaction processing. This move is intended to enhance transparency and allow investors to update their financial models ahead of the first quarter earnings report in April 2025.
More about International Business Machines
International Business Machines (IBM) operates in the technology industry, focusing on software and consulting services. The company provides hybrid cloud platforms, automation, data management, and transaction processing solutions, as well as consulting services to help clients design and build cloud architectures and optimize business processes.
YTD Price Performance: 14.00%
Average Trading Volume: 4,608,479
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $230.8B
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