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International Business Machines Corporation (IBM), headquartered in Armonk, New York, is a global technology leader with a market cap of $209.4 billion. Known for its cutting-edge work in artificial intelligence, cloud computing, and enterprise solutions, IBM delivers a broad portfolio of software, services, and hardware designed to drive digital transformation for businesses. The company is scheduled to report its Q1 earnings after the market closes on Wednesday, Apr. 23.
Ahead of the event, analysts predict IBM’s bottom line will decline 15.5% year over year to $1.42 per share. On the bright side, the company has consistently outpaced Wall Street’s EPS estimates in its last four quarterly reports. Its adjusted earnings of $3.92 per share for the last quarter surpassed the consensus estimate by 5.1%, driven by strong growth in its software and consulting segments. The company benefited from increased enterprise demand for hybrid cloud solutions and AI-powered services, which helped offset softness in its infrastructure business.
