International Business Machines (IBM) has released an update.
IBM has reported a robust second quarter in 2024, with significant revenue growth, particularly in software, and an increase in free cash flow, prompting the company to raise its full-year free cash flow forecast to over $12 billion. The firm’s focus on enterprise AI and generative AI, including its watsonx platform, has led to a $2 billion book of business. Additionally, IBM has demonstrated strong cash generation, enabling ongoing investments in innovation and shareholder dividends.
For further insights into IBM stock, check out TipRanks’ Stock Analysis page.
