International Business Machines (IBM) Revenue — Quarter Ended Dec 31, 2023
Revenue increased during the quarter. The growth was robust both sequentially and year over year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased during the quarter. The growth was robust both sequentially and year over year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.4B
Revenue reported for this quarter.
Quarter-over-quarter
+17.8%
Change from the immediately preceding quarter.
Year-over-year
+4.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$61.9B
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 |
|---|---|---|
| Mar 31, 2023 | $14.3B | +0.4% |
| Jun 30, 2023 | $15.5B | -0.4% |
| Sep 30, 2023 | $14.8B | +4.6% |
| Dec 31, 2023 | $17.4B | +4.1% |
Revenue performance
Revenue rose in the quarter, reflecting strong business execution.
Quarterly comparison
Revenue exceeded the previous quarter's level and also surpassed the level from the same quarter one year ago.
What to watch
Monitor whether the revenue growth rate can be maintained in coming periods.