IBM (NYSE: IBM) announced fourth-quarter and fullyear 2020 earnings results.
Debt reduced by $3.9 billion since end of third quarter in fourth quarter.
Cash on hand of $14.3 billion; debt reduced by more than $11 billion since closing the Red Hat acquisition in full year 2020.
IBM ended the fourth quarter with $14.3 billion of cash on hand, which includes marketable securities, up $5.3 billion from year-end 2019. Debt, including Global Financing debt of $21.2 billion, totaled $61.5 billion, down $3.9 billion since the end of the third quarter, and down $11.5 billion since closing the Red Hat acquisition.
Maya Grinberg is a careers Reporter for Tech News vision make it. Prior to joining Tech News Vision, she worked as a fiction stories and a freelancer for magazine, where she eventually worked her way up to careers editor. During this time, she created daily content for own website and worked with the research team to create content. she developed some own Newswebsite.