International Business Machines' (IBM) Management on Q1 2018 Results - Earnings Call Transcript

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Q1: 2018-04-17 Earnings Summary

EPS of $2.45 beats by $0.03
 | Revenue of $19.07B (5.05% Y/Y) beats by $274.40M

International Business Machines Corp (NYSE:IBM) Q1 2018 Earnings Conference Call April 18, 2018 5:00 PM ET

Executives

Patricia Murphy – VP, IR
Jim Kavanaugh – SVP and CFO

Analysts

Katy Huberty - Morgan Stanley
Toni Sacconaghi - Sanford C. Bernstein
Wamsi Mohan - Bank of America Merrill Lynch
Steve Milunovich - UBS
Tien-tsin Huang - JPMorgan Chase
Amit Daryanani - RBC Capital Markets
Mark Moskowitz - Barclays
David Grossman - Stifel Financial

Operator

Welcome and thank you for standing by. At this time, all participants are in a listen-only mode. Today’s conference is being recorded. If you any objections you may disconnect at this time. Now I would turn the meeting over to Ms. Patricia Murphy with IBM. Ma’am you may begin.

Patricia Murphy

Thank you. This is Patricia Murphy, Vice President of Investor Relations for IBM, and I’d like to welcome you to our First Quarter Earnings Presentation. I’m here today with Jim Kavanaugh, IBM’s Senior Vice President and Chief Financial Officer. Before we get into the call I want to make you aware that the third party that host our event is having technical issue this afternoon. If you’re having trouble accessing the webcast, we provide an alternate link to the audio webcast just below as well as the PDF of the presentation that you can download and follow along with Jim’s comments. So with that I will get back to my standard opening comments.

As usual, the prepared remarks will be available within a couple of hours, and a replay of the webcast will be posted by this time tomorrow.

I’ll also remind you that certain comments made in this presentation may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. Those statements involve a number of factors that could cause actual results to

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