International Business Machines Corporation (NYSE:IBM) Q3 2023 Earnings Conference Call October 25, 2023 5:00 PM ET

Company Participants

Patricia Murphy - Vice President, Investor Relations

Arvind Krishna - Chairman and Chief Executive Officer

Jim Kavanaugh - Senior Vice President and Chief Financial Officer

Conference Call Participants

Amit Daryanani - Evercore

Wamsi Mohan - Bank of America

Toni Sacconaghi - Bernstein

Matt Swanson - RBC Capital Markets

Ben Reitzes - Melius Research

Erik Woodring - Morgan Stanley

David Grossman - Stifel

Brian Essex - JPMorgan

Operator

Welcome, and thank you for standing by. At this time, all participants are in a listen-only mode. Today's conference is being recorded. If you have any objections, you may disconnect at this time.

Now, I will turn the meeting over to Ms. Patricia Murphy, IBM's Vice President, Investor Relations. Ma'am, you may begin.

Patricia Murphy

Thank you. I'd like to welcome you to IBM's Third Quarter 2023 Earnings Presentation.

As the operator just mentioned, I'm Patricia Murphy, and I'm here today with Arvind Krishna, IBM's Chairman and Chief Executive Officer, and Jim Kavanaugh, IBM's Senior Vice President and Chief Financial Officer. We'll post today's prepared remarks on the IBM Investor website within a couple of hours, and a replay will be available by this time tomorrow.

To provide additional information to our investors, our presentation includes certain non-GAAP measures. For example, all of our references to revenue and signings growth are at constant currency. We've provided reconciliation charts for these and other non-GAAP financial measures at the end of the presentation, which is posted to our investor website.

Finally, some comments made in this presentation may be considered forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve factors that could cause our actual results to differ materially. Additional information about these factors is included in the company's SEC filings.

So with that, I'll turn the call over to Arvind.

Arvind Krishna

Thank you for joining us.

Before we start, let me address the outbreak of war in Israel. We condemn all acts of terrorism. We are also saddened over the loss of innocent lives and join the global community in the hope that peace and safety can be restored.

Let me now turn to our business performance. In the third quarter, we had solid growth across revenue, profit and free cash flow while delivering innovations and positioning our business to capture future opportunities.