Summary
This Form 8-K filing from IBM, dated April 19, 2022, primarily serves to announce the company's first-quarter 2022 financial results. Investors should note that the core details of these results are provided in an attached press release (Exhibit 99.1), which includes both GAAP and non-GAAP financial measures. The company emphasizes that management believes these non-GAAP measures offer valuable insights for investors, with reconciliations provided in the press release and the rationale for their use detailed in a separate exhibit (Exhibit 99.2). Furthermore, the filing includes the slides from the first-quarter earnings presentation delivered by IBM's CEO and CFO (Exhibit 99.3). This report is informational, with the content furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, meaning it does not carry the same legal implications as a filed document. Investors are encouraged to review the exhibits for a comprehensive understanding of IBM's Q1 2022 performance and forward-looking commentary.
Key Highlights
- 1IBM filed an 8-K on April 19, 2022, to report its Q1 2022 financial results.
- 2Key financial details are provided in an accompanying earnings press release (Exhibit 99.1).
- 3The press release includes both GAAP and non-GAAP financial results.
- 4IBM management believes non-GAAP measures offer useful insights to investors.
- 5Reconciliations between GAAP and non-GAAP measures are available in Exhibit 99.1.
- 6The rationale for using non-GAAP financial information is detailed in Exhibit 99.2.
- 7Presentation slides from the Q1 2022 earnings call are included as Exhibit 99.3.