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IBM misses 3rd-quarter revenue estimates
IBM revenue misses, but execs say AI will drive future growth
The revenue miss sent IBM shares down over 3% in extended hours trading. Executives put a positive face on the numbers, saying the software business, which now constitutes 45% of overall revenue, grew 10% from a year earlier, to $6.5 billion, ahead of the $6.4 billion analysts had predicted.
IBM misses third-quarter revenue estimates as consulting drags; shares fall
International Business Machines missed analysts' estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business.
IBM stock slips on disappointing consulting and infrastructure revenue
IBM’s critical software category performed well due to Red Hat’s gains, but the consulting and infrastructure segments pulled down overall results.
1d
on MSN
IBM says AI business is rapidly growing, but that’s not enough to help the stock
IBM’s stock is falling despite a profit beat for the third quarter, as consulting revenue came in flat and infrastructure ...
13h
IBM: Back To Reality Soon
IBM's Q3 '24 earnings report revealed weak growth, with only a 1.5% YoY increase, despite AI hype. Read more on IBM stock ...
11h
Has IBM’s stock hit its peak?
IBM faces mixed earnings with strong software gains but consulting challenges. Is the stock losing steam at key resistance ...
CRN
10h
IBM CEO: AI Business Grows $1 Billion With ‘Good Traction’ Since Last Quarter While Consulting Is Flat
IBM CEO Arvind Krishna said the last quarter saw Big Blue’s enterprise AI business “gain traction” growing $1 billion quarter ...
1d
on MSN
IBM's consulting business is getting incrementally worse, says Evercore ISI's Amit Daryanani
Amit Daryanani, Evercore ISI Senior Managing Director, joins 'Closing Bell Overtime' to talk IBM earnings. Meet the richest ...
CIO Dive
9h
IBM leans into software as infrastructure revenue slides
IBM has grown out its software division in the five years since it acquired open-source solution provider Red Hat for $34 ...
1d
IBM's AI Surge Amid Pension Hit
International Business Machines reported mixed earnings for Q3 2024, with strong Software growth offset by Infrastructure ...
1d
IBM Granite 3.0: Practical Open-Source LLM For Enterprise Applications
IBM has made Granite models available under the Apache 2.0 license, which is a permissive open-source license. This means ...
12h
Red Hat revenue has doubled since IBM buyout
Red Hat, the open source software firm IBM bought out in 2019 for $34 billion, has nearly doubled its revenue since being ...
1d
on MSN
International Business Machines Corporation (IBM) Unveils Advanced Granite 3.0 AI Models at TechXchange Event, Pushing Innovation in Enterprise AI Solutions
We recently compiled a list of the 15 AI News Investors Should Not Miss. In this article, we are going to take a look at ...
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