IBM(IBM) - 2024 Q1 - Quarterly Results

Exhibit 99.1 IBM RELEASES FIRST-QUARTER RESULTS Accelerated Software revenue growth; Strong gross margin expansion and cash generation Announces strategic acquisition of HashiCorp, Inc. ARMONK, N.Y., April 24, 2024 . . . IBM (NYSE: IBM) today announced first-quarter 2024 earnings results. “We began the year with solid revenue and free cash flow growth, reflecting the strength of our hybrid cloud and AI strategy. We continue to capitalize on the excitement and demand for enterprise AI from our clients. Our b ...