IBM - IBM Stock Shoots Higher On Q4 Performance: Revenue Beat EPS Beat AI Demand Accelerates | Benzinga
International Business Machines Corp (NYSE:IBM) reported fourth-quarter financial results Wednesday after the bell. Here’s a look at the key metrics from the quarter.
Q4 Earnings: IBM said fourth-quarter revenue increased 4% year-over-year to $17.38 billion, which beat the consensus estimate of $17.3 billion, according to Benzinga Pro. The company noted that the continued adoption of hybrid cloud and AI offerings drove its strong revenue results.
Software revenue was up 3% year-over-year, consulting revenue was up 6%, and ...