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2023

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IBM Beats Revenue Expectations, Generative AI Bookings Soar Past $6 Billion!

ARMONK, N.Y. IBM (NYSE: IBM) reported better-than-expected revenue and profitability for the recent financial quarter.

CEO of IBM, Arvind Krishna made a good comment, “We exceeded expectations for revenue”. While the market is not in the best place, IBM continues to meet the market’s expectations.

Key financial numbers the highlights are IBM.

- Sponsors -
  • Revenue of $14.5 billion for the better
  • Net cash, activities of $4.4 billion
  • Free cash flow of $2.0 billion.

The results for the Software segment this year are strong, with revenue growth of 9 percent. The Hybrid Cloud sector, particularly with Red Hat, is also experiencing growth, increasing by 13 percent. With these positive developments, the Software division is eager to continue improving and making the most of new additions to its offerings.

With acquisitions for the year and expectations for 2025 at 5%, IBM anticipates further developments.

What could come/affect:

  • Down for the spending amount.
  • A failed opportunity.
  • With good and effective use of the market.

IBM is the world’s leading organization and is the leading expert in this business. With all new technology coming every week then more and more will grow with all the new upcoming technology.


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SourceIBM IR

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