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International Business Machines ( (IBM) ) has issued an announcement.
IBM’s third-quarter 2024 earnings report highlights a strong performance in software with a 10% growth, led by Red Hat and key platforms. The company is focusing on hybrid cloud and AI, despite a mixed overall revenue performance due to economic uncertainties impacting consulting. With significant investments in AI and quantum computing, IBM is poised for growth, already showing considerable gains in recurring revenue and AI-driven projects. The financial outlook remains positive with solid cash flow and operational profitability.
Learn more about IBM stock on TipRanks’ Stock Analysis page.
