Company Earnings UpdateIBM (NYSE: IBM) 1Q19 Results: Mixed Results, Revenues Down for Third Consecutive Quarter, Reiterates Guidance Coresight Research April 17, 2019 Executive Summary IBM reported 1Q19 revenues of $18.18 billion, down 4.7% year over year and missing the $18.47 billion consensus estimate. Adjusted EPS was $2.25, down from $2.45 billion the year-ago quarter and beating consensus by three cents. The revenue decline was driven by an 11.5% decrease in the systems segment and a 7.4% decrease in the technology services and cloud services segment. Revenues the cognitive solutions segment declined slightly and global business services revenue was flat. The company guided for 2019 adjusted EPS of $13.90, in line with the consensus estimate. The Red Hat acquisition is expected to close in the second half of the year. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Innovator Profile: Lumi AI—Uncovering Hidden Value with Automated Data IntelligenceHot Tech Trends and Cool Products Unveiled: CES 2025 Pre-Conference InsightsUS Store Tracker Extra, August 2025: At Home, Claire’s and Office Depot Closures Add 4+ Million Square Feet to Total Closed Retail SpaceFive Ways AI Is Being Used in Grocery and Mass Retailing—and What’s Next
