Summary
This 8-K filing from IBM, dated April 21, 2020, primarily serves to disclose information related to their first-quarter 2020 earnings presentation. Investors should note that the core of the filing consists of furnished exhibits, including prepared remarks from the CEO and CFO, non-GAAP financial reconciliations, and presentation slides. These materials provide insights into the company's performance and strategic discussions during the Q1 2020 earnings call. A significant disclosure within the filing is the realignment of certain offerings and management systems within IBM's existing segment structure. This change resulted in a minor recast of approximately $0.3 billion of 2019 revenue between segments, without impacting IBM's overall consolidated financial results. Additional details and recast segment data for 2018 and 2019, reflecting this realignment, have been made available on IBM's Investor Relations website.
Key Highlights
- 1IBM furnished exhibits containing prepared remarks from CEO Arvind Krishna and CFO Jim Kavanaugh for their Q1 2020 earnings presentation.
- 2Non-GAAP financial reconciliations to comparable GAAP measures were provided as an exhibit.
- 3Presentation slides used during the Q1 2020 earnings call were also furnished.
- 4IBM announced a realignment of certain offerings and management systems within its current segment structure.
- 5This realignment resulted in a minor recast of approximately $0.3 billion of 2019 revenue between segments.
- 6The segment realignment did not change IBM's consolidated financial results.
- 7Recast segment data for 2018 and 2019, reflecting the realignment, is available on IBM's Investor Relations website.