International Business Machines (IBM) Revenue — Quarter Ended Jun 30, 2023
Revenue increased compared to the prior quarter. The year-over-year comparison shows a slight decline.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased compared to the prior quarter. The year-over-year comparison shows a slight decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.5B
Revenue reported for this quarter.
Quarter-over-quarter
+8.6%
Change from the immediately preceding quarter.
Year-over-year
-0.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$60.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $14.1B | +6.5% |
| Dec 31, 2022 | $16.7B | -0.0% |
| Mar 31, 2023 | $14.3B | +0.4% |
| Jun 30, 2023 | $15.5B | -0.4% |
Revenue performance
The reported revenue reflects a sequential improvement from the immediately preceding quarter.
Quarterly comparison
Revenue moved higher than the prior quarter but remained slightly below the same quarter one year earlier.
What to watch
Monitor whether revenue growth sustains its recent sequential momentum in upcoming quarters.