IBM announced its third-quarter earnings, with both revenue and adjusted EPS exceeding Wall Street expectations. The company's revenue reached $17.103 billion, a 5% year-over-year increase; adjusted EPS was $2.95, up 11% year-over-year.
IBM also raised its full-year free cash flow growth guidance to "over $1 billion" and increased its full-year software revenue growth forecast to 7%-8%. Software business revenue was $7.804 billion, up 8% year-over-year, serving as the primary growth driver this quarter. AI-related work accounted for approximately 30% of consulting revenue, but overall consulting business revenue remained flat.
Faster global financial news!
IBM's Q3 Revenue and Profit Beat Expectations, Full-Year Free Cash Flow and Software Revenue Guidance Raised
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: South Korea's JB Financial Group has entered the Central Asian market for the first time by acquiring a 100% stake in Kyrgyzstan's Epoke Company.
|
Next: NVIDIA GTC Berlin Conference Announces Multiple AI Advancements: Supply Chain Capacity Significantly Expanded, Physical AI Revenue Exceeds $11 Billion
24H Trending
-
1
Middle East Tensions Escalate: US Deploys 10,000 More Troops, Israel Prepares for New Strikes Against Iran, Iran Issues War Warning
-
2
NextDC's data center project in Australia faces power supply delays due to resident protests, leading to a more than one-third reduction in its FY2027 earnings guidance and a 45% plunge in its stock price.
-
3
Indonesian cybersecurity firms are urging the government to increase support for AI talent development and the AI industry to counter the rising tide of AI-driven cyberattacks and online scams.
-
4
Nscale founder Josh Payne reassured employees that despite AI market volatility, demand for its data center services is "insatiable."
-
5
Anthropic launches AI agent Claude Duet, capable of continuous background operation and proactive task execution
-
6
NVIDIA Launches Clinical Surgery AI Simulator Cosmos3-H-Dreams
-
7
U.S. Secretary of State Marco Rubio visits India's Reliance refinery, discusses refining Venezuelan crude to diversify energy supplies and advance potential $300B U.S. refinery deal
-
8
OpenAI says its AI model found a critical PHP vulnerability, leading to government websites in multiple countries going offline.
-
9
Anthropic's copyright settlement includes books by South Korean authors for compensation
-
10
Ripple has launched institutional-grade 24/7 multi-asset swap contract trading through its Ripple Prime platform, supporting RLUSD stablecoin collateral. However, HSBC warns that market liquidity remains weak.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
