International Business Machines (IBM) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.8B
Revenue reported for this quarter.
Quarter-over-quarter
-4.7%
Change from the immediately preceding quarter.
Year-over-year
+4.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$61.2B
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 |
|---|---|---|
| Dec 31, 2022 | $16.7B | -0.0% |
| Mar 31, 2023 | $14.3B | +0.4% |
| Jun 30, 2023 | $15.5B | -0.4% |
| Sep 30, 2023 | $14.8B | +4.6% |
Revenue performance
Revenue declined from the prior quarter, reflecting a sequential downturn. However, revenue was higher than the same period a year ago, indicating year-over-year improvement.
Quarterly comparison
Compared with the preceding quarter, revenue was lower. Compared with the same quarter a year earlier, revenue was higher.
What to watch
The sequential revenue decline, despite the year-over-year gain, may merit monitoring in upcoming quarters.