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Strong demand for hybrid cloud and AI, driving growth in Software and Consulting segments, enable IBM to beat third-quarter 2022 earnings estimates.
International Business Machines (IBM) Q3 results reflect steady adoption of the company's hybrid cloud business.
However, earnings during the quarter beat consensus estimates. The company reported revenues of $17.6 billion, missing analysts’ expectations of $17.77 billion. Adjusted earnings of $2.52 per ...
IBM held a conference named World of Watson, centered around its AI products and Watson, a QA computer AI system in Las Vegas, on October 29 – November 2. [2] IBM delivered several speeches related to Watson's capabilities and its possible integration to health and business sectors, which were criticized 2 years later by IEEE Spectrum to be exaggerated.
IBM earnings per share of $3.87 beat the $3.76 average of Wall Street estimates, and revenue of $17.4 billion topped the $17.29 billion forecast for the fourth quarter.
November 3, 2021 Kyndryl. IBM distributed 80.1% of its Kyndryl shares to IBM shareholders. January 21, 2022 – IBM announced that it would sell Watson Health to the private equity firm Francisco Partners. [233] August 22, 2023 — IBM announced that the private equity firm Francisco Partners would acquire The Weather Company assets. [234]
On Monday, IBM reported third-quarter revenue and EPS that were in-line with Wall Street estimates, with $17.6 billion in revenue and $2.58 in EPS. Emily McCormick breaks down the company's ...
NEW YORK (Reuters) -IBM shares jumped nearly 13% to a more than 10-year high on Thursday after the company reported a better-than-expected revenue outlook backed by strong demand for its ...