Finance

IBM’s net profit fell 71 percent

The revenue of the US technology company IBM in the fourth quarter of last year did not change compared to the same period of the previous year and was 16.7 billion dollars. The company’s net profit in 2022 decreased by 71.5 percent annually to 1.6 billion dollars.

The US technology company IBM has announced its balance sheet for the October-December 2022 period.

Accordingly, the revenue of the company in the last quarter of last year did not change compared to the same period of the previous year and was recorded as 16.7 billion dollars.

The revenue of the company in 2022 was calculated as 60.5 billion dollars, an increase of 6 percent compared to the previous year. The US technology company generated $57.4 billion in revenue in 2021.

IBM’s net profit rose 16 percent year-on-year to $2.7 billion in the fourth quarter of last year. IBM’s net profit was calculated as $2.3 billion in the last quarter of the previous year.

The net profit of the company was recorded as $ 1.6 billion in 2022, with an annual decrease of 71.5 percent. The tech company’s net profit in 2021 was $5.7 billion.

IBM’s earnings per share were also recorded as $2.96 in the fourth quarter of last year. In the same period of 2021, this number was calculated as $ 2.57.