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 billion, executives said Wednesday, during a Q3 2024 earnings call for the three-month period ending Sept. 30. The company reported software revenue of $6.5 billion, up 9.7% year over year, on $15 billion in total revenue.
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.
IBM Stock Falls After Revenue Misses Wall Street Forecasts
International Business Machines (IBM) stock fell, after quarterly revenue undershot consensus estimates. While sales rose from a year earlier, boosted by high demand for artificial intelligence-related offerings,
Here’s what Wall Street is saying about IBM ahead of earnings
IBM (IBM) is scheduled to report results of its fiscal third quarter after the market close on October 23, with a conference call scheduled for
IBM Stock Falls on Mixed Results. The AI Bump Will Have to Wait.
IBM reported mixed quarterly results after markets closed on Wednesday. Its shares were falling in after-hours trading. For its third quarter, IBM reported adjusted earnings per share of $2.30 versus Wall Street’s consensus estimate of $2.
IBM Stock Takes a Rare Tumble After Earnings: What to Know
IBM stock is chipping away at its impressive year-to-date return after a Q3 revenue miss, but one analyst isn't worried. Here's why.
IBM falls as slowing enterprise spending pressure consulting growth
IBM shares fell about 5% in premarket trading on Thursday, as reduced enterprise spending on non-GenAI projects pressured its ...
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Is IBM Stock a Buy, Sell, or Hold After Q3 Earnings?
Technology and consulting giant IBM (IBM) just released its Q3 earnings, showing mixed results that left investors ...
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 ...
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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 ...
IBM needs 'cleaner' results to support recent record highs: analysts
IBM demonstrated strong growth in its Software segment in its Q3 earnings, but other segments showed declines. Read more here ...
IBM’s Strong Software Momentum Offset by Consulting Challenges and Valuation Concerns: Hold Rating Maintained
Analyst Brian Essex from J.P. Morgan maintained a Hold rating on International Business Machines (IBM – Research Report) and keeping the ...
IBM misses third-quarter revenue estimates as consulting drags; shares fall
International Business Machines beat analysts' estimates for third-quarter profit on Wednesday, helped by robust growth in ...
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 ...
IBM: Strong Software Growth and Strategic AI Positioning Drive Buy Rating
Analyst Wamsi Mohan from Bank of America Securities reiterated a Buy rating on International Business Machines (IBM – Research Report) ...
Earnings Preview: What To Expect From IBM
IBM Inc. scheduled to report earnings after Wednesday’s close. Here's a closer look at what Wall Street expects.
IBM Shares Slip On Q3 Net Loss Tied To One-Time Pension Charge
IBM shares fell 3% in after-hours trading after missing Wall Street's third-quarter revenue expectations. Adjusted earnings ...