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IBM earnings per share of $3.87 beat the $3.76 average of Wall Street estimates, and revenue of $17.4 billion topped the $17.29 billion forecast for the fourth quarter.
Anders Bylund, The Motley Fool. July 25, 2024 at 4:41 PM. IT veteran International Business Machines (NYSE: IBM) reported second-quarter results on Tuesday evening. Big Blue knocked this quarter ...
Despite the weakness in its consulting division, IBM's Q2 performance was strong enough to drive IBM's share price upward, and now it's not far from the 52-week high of $199.18 reached in March ...
That rate of growth was even stronger than what IBM recorded in Q4 2021, when it grew by 6.5%, a result that TechCrunch described as accelerating growth. (IBM also grew in Q3 2021, but a mere 0.3% ...
A reasonably priced stock. Despite the sluggish growth in the consulting segment, IBM now expects to generate more than $12 billion of free cash flow this year. With a market capitalization of ...
In an interview last year, IBM chief executive Arvind Krishna said he could see thousands of employees in “back-office” roles like human resources replaced by AI.
On the bright side, software revenues were up 7.2% in IBM’s most recent quarter to $6.6 billion with Red Hat leading the way up 11%, making the $34 billion purchase in 2018 look better with each ...
A year ago, IBM reported revenues of $20.81 billion and EPS of $3.84. Investors seemed pleased with today’s earnings announcement . IBM stock is up almost 3.3 percent or $3.65 to $163.51 per ...
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