IBM RELEASES THIRD-QUARTER RESULTS

ARMONK, N.Y., Oct. 25, 2023 /PRNewswire/ -- IBM (NYSE: IBM) today announced third-quarter 2023 earnings results. Net cash from operating activities excluding IBM Financing receivables was $2.0 billion. Net cash from operating activities excluding IBM Financing receivables was $6.3 billion. IBM ended the third quarter with $11.0 billion of cash and marketable securities, up $2.2 billion from year-end 2022. Debt, including IBM Financing debt of $9.9 billion, totaled $55.2 billion, up $4.3 billion since the end of 2022.