Says focus remains on revenue growth and free cash flow. Says expanded gross margin in all segments. Says took $260M workforce rebalancing charge in Q1. Says on track for full-year free cash flow expectation. Says expects $2B in run rate savings by 2024 from cost saving initiatives. Says continues to expect FY23 tax rate in mid to high teen range. Sees Q1 revenue seasonality to be consistent with last year. Says expects one third of operating net income in first half. Comments taken from Q1 earnings conference call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on IBM: