IBM Revenue first quarter 2020 Y/Y Growth Comment: International Business Machines Corporation reported decrease in Revenue in the first quarter by -3.36% to $ 17,571.00 millions, from the same quarter in 2019. ARMONK, N.Y.--IBM (NYSE: IBM) today announced fourth-quarter and full-year 2019 earnings results. IBM reported cloud revenue growth of 33 percent year-over-year in its first-quarter earnings released Tuesday. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. IBM said "new Red Hat engagements" were expanding, and "our cloud revenue for the year was $21 billion. For Q4, IBM reported a non … Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenues for the quarter were down year-over-year, but the company stressed its full-year return to growth in fiscal 2018. Total cloud revenue over the past 12 months reached $14.6 billion, putting IBM ahead of competitors in the field of enterprise cloud. IBM annual/quarterly revenue history and growth rate from 2006 to 2020. International Business Machines Corp. annual stock financials by MarketWatch. The decrease in the first quarter International Business Machines Corporation's Revenue compares unfavorably to the Company's average Revenue decrease of -0.68%. IBM's cloud revenue growth grew almost as fast as Red Hat's, which is a positive sign. View the latest IBM financial statements, income statements and financial ratios.

Adjusting for currency, cloud revenue grew by 35 percent, up to $3.5 billion. “We ended 2019 on a strong note, returning to overall revenue growth in the quarter, led by accelerated cloud performance," said Ginni Rometty, IBM …