The above graph represents the IBM net income by quarter, starting from fiscal Q1 2005 to Q2 2020. Surprisingly, IBM’s net profit declined a huge 45.5% YoY in Q2 2020, to $1,361 million. However, the company reported an appreciable 15.8% QoQ increase in its June quarter net profit when compared to the previous quarter.
Growth In IBM Quarterly Net Income
|Source||IBM SEC Filings|
|Note||IBM fiscal year starts from January|
The company reported its highest-ever quarterly net profit of $6,185 million in fiscal Q4 2013, with a modest 6% YoY growth.
During the last 15 years, the fiscal Q4 2017 was the first time when IBM reported a net loss of $1,054 million, globally. That’s a significant decline from a year-ago period when the company reported a net profit of $4,501 million.
The steep decline in IBM net profit was reported in fiscal Q3 2014; the quarterly net profit declined 99.55% YoY, from $4,041 million in Q3 2013 to just $18 million.
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