IBM Results Presentation Deck

Software Strong and growing software recurring revenue base Annual recurring revenue* of $13B, +9% yr/yr Pre-tax margin reflects solid revenue performance 3022 results; revenue growth rates @CC *Annual recurring revenue for Hybrid Platform & Solutions, growth rate @CC $5.8B Revenue Revenue categories Transaction Processing +33% yr/yr -26 pts sales to Kyndryl +14% Revenue growth (includes -8 pts from sales to Kyndryl) O Hybrid Platform & Solutions +8% yr/yr -1.5 pts sales to Kyndry! Red Hat Automation Data & AI Security 18% 3% 4% 6% 7

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