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IBM sees FY25 adjusted EBITDA growth in double digits
The Fly

IBM sees FY25 adjusted EBITDA growth in double digits

Sees FY25 tax rate in mid-teens. Sees Q1 revenue growth similar to Q4. Sees Q1 tax rate a few points lower than FY25 rate. Says continues to gain momentum in generative AI. Says revenue performance for the year was led by software. Says continues to see momentum in Red Hat. Says expects to grow free cash flow faster than revenue. Says expects currency to be two-point headwind to revenue growth. Says expects infrastructure to be a one-point contribution to revenue growth. Comments and guidance taken from Q4 earnings conference call.

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