In some countries IBM wasn't able to complete the structural actions, and it expects to complete the remaining actions over the first half of 2021, resulting in an additional $260 million pre-tax charge, Kavanaugh said. “In 2020 we increased investment in our business across R&D and CAPEX, and since October, announced the acquisition of seven companies focused on hybrid cloud and AI,” said James Kavanaugh, IBM senior vice president and chief financial officer. Tweet. Full-year results reflect transaction-related impacts associated with the Red Hat acquisition, which closed in July 2019, and the impact of the $2.04 billion pre-tax charge for structural actions in the fourth quarter. Share Tweet Post Email IBM Reports 2020 Fourth-Quarter … other. A Division of NBCUniversal. WATCH: Gary Cohn to join IBM as vice chairman. In the third quarter IBM announced the acquisition of WDG Automation, a Brazilian software company. IBM Reports 2020 Fourth-Quarter and Full-Year Results. IBM (NYSE: IBM) today announced fourth-quarter and full-year 2020 earnings results. IBM revenue slide continues in Q4 2020. IBM Reports 2020 Third-Quarter Results, October 19, 2020, 4:12 PM EDT SHARE THIS ARTICLE. Share. said Arvind Krishna, IBM chairman and chief executive officer. The hit was less than expected; in October the company had said it would be around $2.3 billion. IBM (NYSE: IBM) today announced fourth-quarter and full-year 2020 earnings results. E-mail Address. Published Thu, Jan 21 2021 4:16 PM EST Updated Thu, Jan 21 2021 6:25 PM EST. The company expects to grow revenue for the full year 2021 based on the current foreign exchange rates. Global Business Services, which includes consulting, contributed $4.17 billion, down about 3% and more than the $4.08 billion consensus. Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Conference Call and Webcast. Push Mitteilungen FN als Startseite. 22-min read. Strong hybrid cloud adoption; Gross margin expansion; Solid cash generation. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements. 01/21/2021 16:16. The spin-off amounted to the first major shift for IBM since Krishna replaced Rometty as CEO in April. ARMONK, N.Y.--(BUSINESS WIRE)--IBM (NYSE: IBM) today announced third-quarter 2020 earnings results. The company again declined to provide earnings guidance for the full year, following the emergence of the coronavirus. 20 July 2020. "With solid cash generation, steadily expanding gross profit margins, disciplined financial management and ample liquidity, we are well positioned for success as the leading hybrid cloud platform company.”. IBM ended the second quarter with $14.3 billion of cash on hand which includes marketable securities, up $5.2 billion from year-end 2019. Share. Tweet. IBM (NYSE: IBM) today announced fourth-quarter and full-year 2020 earnings results. The company returned $1.5 billion to shareholders in dividends. “We made progress in 2020 growing our hybrid cloud platform as the Forward-looking statements are based on the company’s current assumptions regarding future business and financial performance. adjusting for currency (i.e., at constant currency); total revenue and cloud revenue adjusting for divested businesses and currency; Red Hat revenue normalized for historical comparability; presenting operating (non-GAAP) earnings per share amounts and related income statement items; net cash from operating activities, excluding Global Financing receivables. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; the company’s failure to meet growth and productivity objectives; a failure of the company’s innovation initiatives; damage to the company’s reputation; risks from investing in growth opportunities; failure of the company’s intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; cybersecurity and data privacy considerations; fluctuations in financial results; the possibility that the proposed separation of the managed infrastructure services unit of the company’s Global Technology Services segment will not be completed within the anticipated time period or at all, the possibility of disruption or unanticipated costs in connection with the proposed separation or the possibility that the separation will not achieve its intended benefits; impact of local legal, economic, political, health and other conditions; adverse effects from environmental matters, tax matters and the company’s pension plans; ineffective internal controls; the company’s use of accounting estimates; impairment of the company’s goodwill or amortizable intangible assets; the company’s ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product quality issues; impacts of business with government clients; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; reliance on third party distribution channels and ecosystems; the company’s ability to successfully manage acquisitions, alliances and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities, and higher debt levels; legal proceedings and investigatory risks; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company’s Form 10-Qs, Form 10-K and in the company’s other filings with the U.S. Securities and Exchange Commission (SEC) or in materials incorporated therein by reference. 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