International Business Machines (IBM) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reported quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. The sequential decrease followed a period of growth in the prior quarter.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reported quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. The sequential decrease followed a period of growth in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15B
Revenue reported for this quarter.
Quarter-over-quarter
-5.1%
Change from the immediately preceding quarter.
Year-over-year
+1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$62.6B
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, 2023 | $17.4B | +4.1% |
| Mar 31, 2024 | $14.5B | +1.5% |
| Jun 30, 2024 | $15.8B | +1.9% |
| Sep 30, 2024 | $15B | +1.5% |
Revenue performance
Revenue was lower than the prior quarter, marking a reversal from the sequential increase seen in the preceding period. The year-over-year comparison remained positive, indicating continued annual growth.
Quarterly comparison
Compared with the immediately preceding quarter, revenue contracted. In contrast, revenue was higher than the same quarter one year earlier.
What to watch
The sequential decline in revenue, despite a year-over-year increase, may warrant attention in future quarters.