IBM reports Q4 revenue up 4% YoY to $17.38B, vs. $17.30B est., software revenue up 3% YoY to $7.51B, and net income of $3.29B, up from $2.71B YoY; IBM jumps 8%+
Jordan Novet / CNBC :
CNBC Jordan Novet
Related Coverage
- IBM Remains Weak and Small 7 Wall St. · Douglas A. McIntyre
- IBM RELEASES FOURTH-QUARTER RESULTS IBM
- Dow futures rise after IBM's quarterly results, investors prepare for GDP report: Live updates NBC Bay Area
- IBM shares takeoff on 4Q earnings beat and strong revenue guidance Proactive · Emily Jarvie
- IBM Shares Jump As Earnings Top Expectations. AI Demand Is ‘Accelerating’ Investor's Business Daily · Ryan Deffenbaugh
- IBM's ‘accelerating’ AI demand helps power stock higher after earnings MarketWatch · Emily Bary
- IBM gains 5% on Q4 beat, strong cash flow outlook Seeking Alpha · Jason Aycock
- IBM: Q4 Earnings Snapshot Associated Press
- IBM earnings beat by $0.10, revenue topped estimates Investing.com
- IBM shares jump on strong results, accelerating AI adoption Investing.com · Vahid Karaahmetovic
- IBM Revenue Growth Tops Expectations on Strong AI Demand; Stock Rises Wall Street Journal · Dean Seal
- IBM Sees Strong 2024 Free Cash Flow, Plans Job Cuts Bloomberg · Brody Ford
Discussion
-
@bobodtech
Bob O'Donnell
on x
Solid earnings numbers from @IBM today with a big quarterly jump in their @IBMwatsonx AI business. Not terribly surprising given how new it is, but shows that businesses are starting to deploy the technology.
-
@thetranscript_
@thetranscript_
on x
IBM double beat. CEO: “In Q4 we grew revenue in all of our segments, driven by continued adoption of our hybrid cloud & AI offerings. Client demand for AI is accelerating and our book of business for watsonx & generative AI roughly doubled QoQ” $IBM: +5% AH [image]
-
@charlesfitz
Charles Fitzgerald
on x
IBM CAPEX: Down 52% for the quarter Down 20% for the year As with cloud, CAPEX is a big AI tell. IBM talks about AI, but no CAPEX = just a consulting company. 🤡🤡🤡