The above graph represents the IBM cost of sales by quarter, starting from fiscal Q1 2006 to the recently completed quarter. The company reported a modest 7.12% YoY increase in its cost of sales, amounting to $1,624 million during Q1 2020. However, However, when compared to the previous quarter, IBM’s total cost of sales declined 34% during the first quarter.
Cost of Sales accounted for 16.8% of IBM’s total cost of goods sold during the first quarter of 2020.
|Source||IBM SEC Filings|
|Note||IBM fiscal year starts from January|
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