We also think IBM's AI-related software revenue, while still a minority of AI-specific revenue (with the majority being consulting bookings), should grow at a more accelerated rate over time.

Software sales grew 9% to $6.33 billion, driven by 15% growth in automation solutions and 13% growth in hybrid cloud solutions. Data solutions sales grew 7% while transaction processing sales grew 2%.

AI and hybrid cloud combined to give IBM solid growth in revenue and earnings during its second fiscal quarter 2025.

INTERNATIONAL Business Machines (IBM) gave a stronger-than-expected revenue growth outlook for the coming years led by the expansion in its software business. Long-term sales will increase more than 5 ...

IBM posted net loss of $330 million, or $0.36 per share, due to a $2.7 billion pension-settlement charge. Analysts expected a profit of $1.72 billion, or $1.84 per share.

IBM carries a sizable debt load, measuring $55 billion as of December 2024. However, this debt load is supported by substantial free cash flow generation, which was $12.7 billion in 2024 and is ...

Software provided a solid increase in revenue during the quarter. IBM generated $5.6 billion for the quarter from software, an increase of 5 percent. Sales of IBM middleware — such as the company’s ...

IBM strategically expands its software development initiatives into Tier-II Indian cities like Pune, Lucknow, and Kochi, focusing on GenAI, data & AI, automation, cybersecurity, and sustainability.

Software sales also grew significantly, from $82.9 million to $92 million. IBM New Zealand managing director Shannon Harris said the continued strength of IBM’s work in core banking and systems along ...

Company News Published 07/25/2024, 05:43 AM 0 JPMorgan raises IBM shares target citing strong software sales IBM 1.50% ...