IBM jumps 8% on earnings beat
Summary
IBM reported better-than-expected Q4 results, beating LSEG consensus with adjusted EPS of $4.52 versus $4.32 and revenue of $19.69B versus $19.23B. Revenue rose 12% year-over-year and net income increased to $5.6B, and the board approved a $1.68 per-share dividend. The company expects full-year revenue growth to exceed 5% and free cash flow to increase by $1B after $14.7B in 2025, and CEO Arvind Krishna said IBM's generative AI book of business topped $12.5B. Software revenue grew 14% to $9B while infrastructure sales rose 21% (IBM Z Systems up 67%), and IBM reiterated plans to deliver a large-scale quantum computer by 2029.
Classifications
industries
No industries detected
applications
Business Intelligence
AskAI Classifications
Labels
Enterprise Software
SaaS
Data Streaming Platforms
Linked Companies
IBM
$1B+