IBM Corp (IBM.US) Q3 revenue of $17.6 billion slightly exceeded market expectations
Zhitong Finance APP learned that IBM Corp (IBM.US) announced its third quarter 2020 financial report after the US stock market closed on Monday. Health incidents have led companies to accelerate digital transformation and increase their demand for cloud computing services. The company's third-quarter revenue slightly exceeded market expectations.
IBM Corp's revenue for the third quarter of 2020 is $17.6 billion, and the market is expected to be $17.439 billion, compared with $18.028 billion in the same period last year. Among them, cloud and cognitive software business revenue is 5.55 billion U.S. dollars, the market is expected to be 5.41 billion U.S. dollars; global technical service revenue is 6.46 billion U.S. dollars, and the market is expected to be 6.33 billion U.S. dollars.
Net profit in the third quarter was US$1.698 billion, compared with US$1.672 billion in the same period last year; profit from continuing operations was US$1.698 billion, an increase of 2% from US$1.673 billion in the same period last year. Excluding items, the company’s earnings per share were US$2.58, and the market expected US$2.07, compared to US$1.89 in the same period last year. The adjusted expected profit rate is 49%, and the market expects it to be 48.6%.
The matter of building a car has changed. Since 2014, building a car has become the most desirable thing for entrepreneurs. Not only are successful entrepreneurs working hard to start their second and third ventures, but countless "grassroots" teams have also begun to move around, as if the threshold of building a car was suddenly pulled to non-existent. But facts have proved that there are indeed barriers to building cars, and it limits most players. Li Bin, the founder and chairman of Weilai Automobile , once said that an electric car company needs at least 20 billion yuan to reach mass production. Xiaopeng Motors Chairman He Xiaopeng also sighed: "It used to be an exaggeration to see others making cars. I jumped in and realized that 20 billion is not enough to spend.” In the end, the new car-building forces ran out of three first-tier players, but at the same time it also made people realize how difficult it is for a new company to build cars. People's attit
The news of the newly redesigned 2021 Tesla Model S was suddenly mentioned by Musk at the beginning of the year. Everyone was pleased with the Model S that had not been updated for a long time. However, when the pictures came to light later, everyone found that the change didn't feel much, and there was almost no change in appearance. Tony teachers just repaired it and it was over. However, after the interior was exposed, everyone found that it seemed like a new generation without looking at the exterior, which was shocking. Many people still don't believe that this is the real car, so today Musk will give you an official announcement. Currently the fastest mass-produced electric car Today, Tesla officially released Model S Plaid, and it was also a delivery ceremony. Excited Musk specifically brushed a track out of the Fremont factory , and then drove directly to the stage. Two days ago, Musk just announced the cancellation of the Plaid+ version. The reason was that
New energy is the trend of automobiles, and the sinking market is the vast world of new energy automobiles. However, for many new energy vehicle brands, there is still a long and rugged mountain road to go before they truly reach the "willows and flowers in another village". New energy vehicles are accelerating toward the sinking market, looking for new incremental space. However, for more new energy vehicle brands, how to break the dilemma of low prices in the sinking market, increase the added value of products, and obtain more profits in addition to the increase in sales are long-term problems that need to be faced. On the other hand, after Baidu , Xiaomi also intends to enter the game. Traditional car companies continue to launch new new energy brands, and more and more players are entering the game. In 2020, the power of new cars will usher in strong growth, and Tesla will also achieve sales of over 100,000 vehicles in the Chinese market. Many high-end brand new