https://seekingalpha.com/news/3337659-ibm-releases-longer-term-outlook
(Link to full report: https://seekingalpha.com/filing/3927792)
Mar. 8, 2018 11:33 AM ET | By: Brandy Betz, SA News Editor
IBM’s (NYSE:IBM) investor briefing includes a longer-term model with an unspecified time frame.
The model is compared to results from the last three years.
Revenue expected up in the low single-digits, EPS up in the high single-digits, and pre-tax income in the mid single-digits.
FCF realization expected over 90% compared to the past 104%. Capital expense seen at a steady rate compared to the $11B and acquisition spend strategically aligned with the $10B in the past years.
Dividends expected to increase annually from the $16B and share repurchases to reduce the share count by about 2% annually.
IBM shares are down 1.2% to $156.46.