On July 19, 2022, IBM reported Q2 revenue of $15.5 billion (an increase of 9% year-over-year and 16% growth at constant currency) on Non-GAAP earnings per share (EPS) of $2.31.
Summary: IBM’s Q2 2022 revenue grew 9% as compared to the same period in 2021 owing to increased client demand for its hybrid cloud and AI offerings. IBM reports its revenues across four segments: Software, Consulting, Infrastructure, and Financing.
The company reported GAAP operating margins of 11.1% during Q2 2022, a year-over-year increase of 4.7 bps. On the bottom line, the company reported a GAAP EPS of $1.61, whereas the Non-GAAP earnings came to $2.31 per share.
Guidance: IBM expectations for the full year 2022 -
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