MADRID, 26 Ene. (EUROPA PRESS) –
International Business Machines (IBM) registered a net profit of 1,639 million dollars (1,504 million euros) in 2022, which represents a drop of 71.5% compared to the result of the previous year due to the impact of the agreement on pensions reached in the third quarter by the company, which will cut 3,900 jobs, around 1.5% of its workforce.
Speaking to Bloomberg on Wednesday, IBM chief financial officer James Kavanaugh said the 3,900 job cut will focus on workers linked to the spun-off Kyndryl and Watson Health businesses, costing the company some $300 million. dollars (275 million euros).
On the other hand, IBM reported that its net result for the whole of the 2022 financial year fell by 71.5% compared to that recorded in 2021, up to 1,639 million dollars (1,504 million euros), due to the adverse impact of 5,900 million dollars (5,415 million euros) assumed by the company in the third quarter as a result of the pension agreement reached.
The turnover of ‘Big Blue’ for the year as a whole reached 60,530 million dollars (55,555 million euros), 5.5% above the income recorded in 2021.
IBM’s turnover grew 6.9% in the software business, up to 25,037 million dollars (22,979 million euros) and 7% in the consulting area, up to 19,107 million dollars (17,537 million euros), while that revenues from the infrastructure business increased by 7.7%, up to 15,288 million dollars (14,032 million euros).
Between October and December, IBM obtained a net profit of 2,711 million dollars (2,488 million euros), 16.2% above the result recorded in the same period of 2021, while its turnover remained stable at 16,690 million dollars (15,318 million euros).
Looking ahead to 2023, the multinational expects revenue growth in constant currency consistent with its model of 5% and around 10,500 million dollars (9,637 million euros) in consolidated free cash flow, an increase of more than 1,000 million dollars (918 million euros) compared to last year.
“This year we will unlock greater productivity, expand our strategic partnerships and invest more in specific growth markets,” said IBM CEO Arvind Krishna.