IBM logs a large earnings beat, sending its stock higher
We continue to see that clients turn to IBM for our technology and our expertise in enterprise AI, and our book of business for generative AI has grown to more than $2 billion
AI Drives IBM’s Quarterly Results Amid Economic Challenges
Much of the strong performance IBM reported for 2Q 2024 is attributable to the transformative impact of artificial intelligence.
IBM gets lift from software, AI demand as consulting slips
IBM beat analysts' estimates for second-quarter revenue and raised its annual growth forecast for its software business on Wednesday, riding on higher AI-linked spending by clients looking to adopt the technology.
Higher AI bookings help IBM deliver solid earnings beat, pushing its stock higher
In recent months, IBM has focused on expanding the watsonx platform that enables companies to build and deploy AI chatbots and enhance the code for other AI programs. In addition, it recently open-sourced its Granite family of large language models in an effort to popularize some of its other AI services.
IBM Q2 2024 earnings results beat revenue and EPS expectations
IBM published its earnings report for Q2 2024 after the close of markets today. The tech company posted $15.8 billion in revenue for the quarter, managing to beat analysts’ expectation of $15.6 billion. As for earnings-per-share, the company tallied $2.43 in earnings-per-share, beating the $2.25 expectation.
Stock Market Today: Dow Outperforms After IBM Earnings
A slow start turned into a mixed finish, with blue chip stocks outperforming thanks to a positive earnings reaction for International Business Machines ( IBM ). The first reading on second-quarter gross domestic product ( GDP) showed the U.
IBM Stock Rises After Earnings Top Expectations, Boosted by AI
International Business Machines posted second-quarter results ahead of Wall Street expectations, with results boosted from its bet on AI. The tech company’s book of business for its generative AI platform,
Why IBM Stock Popped After Tuesday's AI-Themed Earnings Report
IBM's robust Q2 results drove the stock higher, nearly reaching new all-time highs. Big Blue hasn't ventured anywhere near that milestone since 2013.
IBM Boosted by Growing Demand for Software and AI Despite Decline in Consulting
IBM has exceeded analysts’ expectations for its second-quarter revenue and increased its annual growth forecast for its software division, benefiting from a surge in AI-related spending by clients eager to embrace the technology.
IBM Stock Beats EPS Estimates, Sees Higher GenAI Demand
IBM is a leader or one of the leading players in each of its segments: Software, Consulting, Infrastructure, and Financing. The Software segment provides companies with solutions to manage and integrate their computing resources.
IBM's Q2 Earnings & Revenues Beat Estimates on Solid Demand
International Business Machines Corporation IBM reported solid second-quarter results, wherein both the bottom and top lines beat the respective Zacks Consensus Estimate. The company witnessed healthy demand trends for hybrid cloud and AI solutions with a client-focused portfolio and broad-based growth and remains firmly on track to reach its targets for 2024.
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Is It Time to Buy IBM Stock?
IBM beat analyst estimates for revenue and earnings in the second quarter as software sales jumped. The consulting business was a mixed bag, but demand for generative AI services is booming. The ...
IBM Eyes Further Upside Despite Overbought Conditions Post Earnings
The price structure of IBM after the Q2 2024 earnings remains positive and indicates potential for further price gains.
IBM Stock Rises on Earnings Beat. CEO Says AI Is Helping.
International Business Machines shareholders may benefit from low expectations as the technology company faces a mixed demand ...
The Motley Fool1d
IBM's Generative AI Business Is Small but Booming
The generative AI business can help IBM hit its revenue and free cash flow growth targets. IBM's Watson AI system ...
CRN7d
IBM Earnings Preview: 5 Things To Know
IBM’s second-quarter 2024 earnings should include CEO Arvind Krishna and executives weighing in on GenAI, AI, HashiCorp, Red ...
Kiplinger on MSN6d
What IBM's New Free Cash Flow Forecast Means for Investors
IBM stock is higher Thursday after the tech giant beat Q2 earnings expectations and raised its free cash flow guidance.
Don't Overlook IBM (IBM) International Revenue Trends While Assessing the Stock
Examine the evolution of IBM's (IBM) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
IBM's AI Bookings To Drive Share Gains, Though 'Revenue Contribution Of AI Is Currently Small'
IBM shares climb after reporting Q2 results. The company's AI bookings to date doubled in the quarter. Analysts remain ...