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International Business Machines Corporation  (IBM)
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    Sector  Technology    Industry Computer Hardware
   Industry Computer Hardware
   Sector  Technology
 

IBM's Net Income Growth by Quarter and Year

International Business Machines's Net Income results by quarter and year




IBM Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 3,288.00 2,710.00 2,333.00 1,356.00
III Quarter September 1,704.00 -3,196.00 1,130.00 1,698.00
II Quarter June 1,583.00 1,392.00 1,325.00 1,361.00
I Quarter March 927.00 733.00 955.00 1,175.00
FY   7,502.00 1,639.00 5,743.00 5,590.00



IBM Net Income fourth quarter 2023 Y/Y Growth Comment
International Business Machines Corporation achieved in the fourth quarter 2023, above Company average Net Income growth of 21.33% year on year, to $ 3,288.00 millions.

Looking into fourth quarter 2023 results within Computer Hardware industry 2 other companies have achieved higher Net Income growth. While International Business Machines Corporation' s Net Income rise of 21.33% ranks overall at the positon no. 348 in the fourth quarter 2023.




IBM Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 21.33 % 16.16 % 72.05 % -63.05 %
III Quarter September - - -33.45 % 1.56 %
II Quarter June 13.72 % 5.06 % -2.65 % -45.52 %
I Quarter March 26.47 % -23.25 % -18.72 % -26.15 %
FY   357.72 % -71.46 % 2.74 % -40.73 %

Financial Statements
International Business Machines's fourth quarter 2023 Net Income $ 3,288.00 millions IBM's Income Statement
International Business Machines's fourth quarter 2022 Net Income $ 2,710.00 millions Quarterly IBM's Income Statement
New: More IBM's historic Net Income Growth >>


IBM Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 92.96 % - 106.46 % -20.14 %
III Quarter September 7.64 % - -14.72 % 24.76 %
II Quarter June 70.77 % 89.9 % 38.74 % 15.83 %
I Quarter March -65.79 % -68.58 % -29.57 % -67.98 %
FY (Year on Year)   357.72 % -71.46 % 2.74 % -40.73 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Computer Hardware Industry #3
Technology Sector #38
Overall #348

Net Income Y/Y Growth Statistics
High Average Low
448.65 % 7.55 % -73.52 %
(Sep 30 2023)   (Sep 30 2022)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Computer Hardware Industry #3
Technology Sector #38
Overall #348
Net Income Y/Y Growth Statistics
High Average Low
448.65 % 7.55 % -73.52 %
(Sep 30 2023)   (Sep 30 2022)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

International Business Machines's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
30361.11 % 394.39 % -99.56 %
IV. Quarter  


IBM's IV. Quarter Q/Q Net Income Comment
International Business Machines Corporation achieved in the IV. Quarter 2023 below company average Net Income jump of 92.96% quarter on quarter, to $ 3,288.00 millions.

Albeit the IV. Quarter 2023 IBM's performance was below the average of 394.39 %, that has been still encouraging sign, as the IV. Quarter expension, transcends the % Net Income rise in the IV. Quarter 2022

Within Computer Hardware industry International Business Machines Corporation achieved highest sequential Net Income growth. While International Business Machines's Net Income growth quarter on quarter, overall rank is 198.


Net Income Q/Q Growth Company Ranking
Within: No.
Computer Hardware Industry #1
Technology Sector #32
Overall #198
Net Income Q/Q Growth Company Ranking
Within: No.
Computer Hardware Industry #1
Technology Sector #32
Overall #198
Net Income Q/Q Growth Statistics
High Average Low
30361.11 % 394.39 % -99.56 %
IV. Quarter  


IBM's IV. Quarter Q/Q Net Income Comment
International Business Machines Corporation achieved in the IV. Quarter 2023 below company average Net Income jump of 92.96% quarter on quarter, to $ 3,288.00 millions.

IV. Quarter 2023 IBM's results seem to be paradoxical, although below the ordinary, yet it demonstrates a quite acceleration relative to the % in the IV. Quarter a year ago Hanne Wouters, a business researcher situated in Amsterdam said.

Within Computer Hardware industry International Business Machines Corporation achieved highest sequential Net Income growth. While International Business Machines's Net Income growth quarter on quarter, overall rank is 198.


International Business Machines's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 7,502.00 $ 6,924.00 $ 2,024.00 $ 1,833.00 $ 1,639.00
Y / Y Net Income Growth (TTM) 357.72 % 448.65 % -63.78 % -66.8 % -71.46 %
Year on Year Net Income Growth Overall Ranking # 1288 # 1677 # 880 # 69 # 839
Seqeuential Net Income Change (TTM) 8.35 % 242.09 % 10.42 % 11.84 % 29.87 %
Seq. Net Income Growth (TTM) Overall Ranking # 348 # 1727 # 1066 # 1139 # 573




Cumulative Net Income growth Comment
Assuming the International Business Machines's fiscal year would have ended in Dec 31 2023, International Business Machines would have reprted above average annual Net Income surge of 357.72% year on year, of $ 7,502 millions.
This marks a slow-down of the companys growth trends and from the 448.65% surge in Sep 30 2023.

In the Technology sector 136 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 1288, from total ranking in previous quarter at 1677.

Net Income TTM Q/Q Growth Statistics
High Average Low
448.65 %
7.55 %
-73.52 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Computer Hardware Industry # 3
Technology Sector # 137
Overall # 1288

Net Income TTM Y/Y Growth Statistics
High Average Low
448.65 %
7.55 %
-73.52 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 38
S&P 500 # 348
Cumulative Net Income growth Comment
Assuming the International Business Machines's fiscal year would have ended in Dec 31 2023, International Business Machines would have reprted above average annual Net Income surge of 357.72% year on year, of $ 7,502 millions.
This marks a slow-down of the companys growth trends and from the 448.65% surge in Sep 30 2023.

In the Technology sector 136 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 1288, from total ranking in previous quarter at 1677.

Net Income TTM Q/Q Growth Statistics
High Average Low
448.65 %
7.55 %
-73.52 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Computer Hardware Industry # 3
Technology Sector # 137
Overall # 1288

Net Income TTM Y/Y Growth Statistics
High Average Low
448.65 %
7.55 %
-73.52 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 38
S&P 500 # 348




Other Net Income Growth
Computer Hardware Industry Net Income Growth Trends and Statistics
Technology Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
IBM's Net Income Growth Ratio versus Computer Hardware Industry, Technology Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for IBM's Competitors
Net Income Growth for International Business Machines's Suppliers
Net Income Growth for IBM's Customers

You may also want to know
IBM's Annual Growth Rates IBM's Profitability Ratios IBM's Asset Turnover Ratio IBM's Dividend Growth
IBM's Roe IBM's Valuation Ratios IBM's Financial Strength Ratios IBM's Dividend Payout Ratio
IBM's Roa IBM's Inventory Turnover Ratio IBM's Growth Rates IBM's Dividend Comparisons



Companies with similar Net Income surge for the quarter ending Dec 31 2023 within Technology SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Trade Desk Inc 36.71%$ 36.715 millions
Aci Worldwide inc 35.90%$ 35.896 millions
Cadence Design Systems Inc 34.74%$ 34.738 millions
Cirrus Logic Inc 34.06%$ 34.062 millions
Leidos Holdings Inc 27.78%$ 27.778 millions
Karooooo Ltd 27.74%$ 27.738 millions
Adobe Inc 26.11%$ 26.105 millions
Tyler Technologies Inc 25.18%$ 25.183 millions
Qualcomm Inc23.80%$ 23.803 millions
International Business Machines Corporation21.33%$ 21.328 millions
Sps Commerce Inc 19.45%$ 19.453 millions
Fortive Corporation16.73%$ 16.725 millions
Cheer Holding Inc 15.46%$ 15.461 millions
Enfusion inc 14.21%$ 14.213 millions
Jack Henry and Associates Inc 13.85%$ 13.853 millions
Endava Plc13.32%$ 13.322 millions
Apple Inc 13.06%$ 13.061 millions
Key Tronic Corporation12.10%$ 12.099 millions
Ametek inc 11.65%$ 11.653 millions




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