TECH - Will Higher Software Revenues Benefit IBM's Q1 Earnings? | Benzinga
International Business Machines Corporation (NYSE: IBM) is scheduled to report first-quarter 2024 results on Apr 24, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded higher revenues from the Software segment backed by growing demand for its advanced AI-driven solutions and product innovation.
Factors At Play
The Software segment includes Hybrid Platform & Solutions comprising software services, Red Hat, automation and data & artificial intelligence businesses and Transaction Processing.
During the first quarter, IBM introduced LinuxONE 4 Express, an advanced data center solution designed to provide cybersecurity, scalability and AI inferencing for hybrid cloud environments. The solution's cutting-edge features make it suitable for a multitude of use cases for startups and small and medium-sized enterprises.
With built-in hardware-based security technology and confidential computing capabilities, the solution effectively shields sensitive data and digital assets. It enhances protection against both external threats and insider breaches by enabling scalable isolation for individual workloads, while consolidation of databases into a LinuxONE system significantly lowers costs and streamlines IT environments. The seamless integration enables data analysis to be conducted exactly where the data is located. These are likely to have supported the top line in ...