The above graph represents the IBM quarterly revenue by type, starting from fiscal Q1 2005 to the recently completed quarter. IBM’s total revenue in Q1 2020 declined a notable 19.3% QoQ and 3.4% YoY, to $17,571 million. A whopping 64.7% of that came from the company’s service business. IBM Services revenue declined a notable 8.45% YoY, from just $12,423 million in Q1 2019 to $11,373 million in Q1 2020.
|Source||IBM SEC Filings|
|Note||IBM fiscal year starts from January|
On the other hand, IBM sales revenue increased an appreciable 10.1% YoY in Q1 2020, to $5,895 million. However, when compared to previous quarter, the company reported a huge 43.6% decline in its sales revenue.
IBM financing revenue also declined a notable 25.3% YoY and 0.66% QoQ during the first quarter of 2020, to $302 million.
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