International Business Machines (IBM) Revenue — Quarter Ended Jun 30, 2024
Revenue for the reporting period increased compared with the immediately preceding quarter and also rose compared with the same quarter one year earlier. The company's financial flexibility remains supported by its liquidity position and cash flows.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the reporting period increased compared with the immediately preceding quarter and also rose compared with the same quarter one year earlier. The company's financial flexibility remains supported by its liquidity position and cash flows.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.8B
Revenue reported for this quarter.
Quarter-over-quarter
+9.0%
Change from the immediately preceding quarter.
Year-over-year
+1.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$62.4B
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, 2023 | $14.8B | +4.6% |
| Dec 31, 2023 | $17.4B | +4.1% |
| Mar 31, 2024 | $14.5B | +1.5% |
| Jun 30, 2024 | $15.8B | +1.9% |
Revenue performance
Revenue grew sequentially and also showed year-over-year growth.
Quarterly comparison
The reported revenue was higher than the prior quarter's figure and also exceeded the level from the same period a year ago.
What to watch
The company's debt level was unchanged from the end of the previous fiscal year, and its credit ratings remained stable from the end of the prior quarter.