International Business Machines Corp (NYSE:IBM)
$ 167.36 -0.2 (-0.12%) Market Cap: 153.74 Bil Enterprise Value: 197.75 Bil PE Ratio: 18.95 PB Ratio: 6.61 GF Score: 75/100

Q4 2021 International Business Machines Corp Earnings Call Transcript

Jan 24, 2022 / 10:00PM GMT
Release Date Price: $128.82 (-0.41%)
Operator

Welcome, and thank you for standing by. (Operator Instructions) Today's conference is being recorded. (Operator Instructions)

Now I will turn the meeting over to Ms. Patricia Murphy with IBM. Ma'am, you may begin.

Patricia Murphy
International Business Machines Corporation - VP of IR

Thank you. This is Patricia Murphy, and I'd like to welcome you to IBM's Fourth Quarter 2021 Earnings Presentation. I'm here with Arvind Krishna, IBM's Chairman and Chief Executive Officer; and Jim Kavanaugh, IBM's Senior Vice President and Chief Financial Officer. We'll post today's prepared remarks on the IBM investor website within a couple of hours, and a replay will be available by this time tomorrow.

I'll remind you the separation of our managed infrastructure services business, Kyndryl, was completed on November 3. As a result, our income statement is presented on a continuing operations basis. Our results also reflect the incremental revenue from the new commercial relationship with Kyndryl. Because this provides a onetime lift to our growth, we will

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