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,
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.
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IBM’s Red Hat Acquisition Will Pay For Itself By Early Next Year
Big Blue has reported its financial results for the third quarter of 2024, and the thing that stands out most is not the ...
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 Stock Is Still a Buy After Mixed Results
IBM stock has surged over the past year and recently surpassed its decade-old all-time high. It makes sense, then, that ...
IBM says AI business is rapidly growing, but that’s not enough to help the stock
International Business Machines Corp. says it’s seeing traction in artificial intelligence — but investors appear to be left ...
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IBM's mainframe bubble bursts and growth stalls
Red Hat still glowing, but Big Blue's been bruised by investors In its last few quarterly results announcements, IBM has ...
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IBM shares fall on mixed results
Propped up by Red HatBiggish Blue shares dropped more than six per cent yesterday as the cocaine nose jobs of Wall Street ...
IBM's Triangle team leads AI innovation
Research Triangle Park team leads next-generation AI model development. IBM's Red Hat acquisition catalyzed open-source AI ...
IBM: Q3, Strong Software Growth Offset By Temporary Weakness In Consulting
IBM's AI advancements and strong growth in software are key factors in projecting a fair value of $300 per share and a ...
IBM doubles down on open source AI with new Granite 3.0 models
Big Blue's Granite LLMs are built for business and now they're available under the good old Apache 2.0 license.