The above graph represents the IBM cost of goods sold by quarter, starting from fiscal Q1 2005 to the recently completed quarter. The company’s total cost of goods sold was amounted to $9,649 million in Q1 2020, representing 4.8% YoY decline. On a quarterly basis, it was a notable decline of 9.63% QoQ.
|Source||IBM SEC Filings|
|Note||IBM fiscal year starts from January|
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