IT hardware and services firm IBM Corp beat quarterly revenue expectations on Monday.

IBM- Hardware & Services

IBM- Forex Impact

It warned that the impact of forex in the coming year could be approximately $3.5 billion.

A more hawkish Federal Reserve and heightened geopolitical tensions have led to gains in dollars.

IBM- Federal Reserve

Significant international operations like Microsoft and Salesforce to reduce expectations.

IBM- International Operations

The impact of leaving Russia operations have affected IBM's short-term performance.

IBM- Leaving Russia

The company has reiterated its year-end forecast to hit the upper end of the mid-single digit growth.

IBM- Year End Forecast

IBM anticipates a foreign currency impact on revenue of around 6 percent this next year Kavanaugh said.

IBM- Foreign Currency

Image Source-

The second quarter's revenue fell by $900 million because of the stronger U.S. dollar, Kavanaugh added.

IBM- Second Quarter

Image Source- Barron's

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