Yahoo Finance

For the quarter ended March 2025, IBM (IBM) reported revenue of $14.54 billion, up 0.6% over the same period last year. EPS came in at $1.60, compared to $1.68 in the year-ago quarter.

The reported revenue represents a surprise of +0.66% over the Zacks Consensus Estimate of $14.45 billion. With the consensus EPS estimate being $1.42, the EPS surprise was +12.68%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how IBM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue- Consulting: $5.07 billion compared to the $5.09 billion average estimate based on five analysts. The reported number represents a change of -2.3% year over year.

• Revenue- Infrastructure: $2.89 billion versus $2.83 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -6.2% change.

• Revenue- Software: $6.34 billion versus $6.31 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.4% change.

• Revenue- Other: $61 million versus $78.46 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -43.5% change.

• Revenue- Transaction Processing: $1.80 billion compared to the $1.88 billion average estimate based on three analysts. The reported number represents a change of 0% year over year.

• Revenue- Infrastructure Support: $1.20 billion compared to the $1.21 billion average estimate based on three analysts. The reported number represents a change of -7.7% year over year.

• Revenue- Hybrid Infrastructure: $1.60 billion versus the three-analyst average estimate of $1.64 billion. The reported number represents a year-over-year change of -11.1%.

• Segment Profit - Software: $1.85 billion versus $1.51 billion estimated by three analysts on average.

• Segment Profit - Financing: $69 million versus the three-analyst average estimate of $84.84 million.

• Segment Profit - Infrastructure: $248 million versus the three-analyst average estimate of $282.23 million.

• Segment Profit - Consulting: $558 million versus $388.71 million estimated by three analysts on average.