2024-04-01 14:36:14 ET
Summary
- IBM's stock price has surged by 17% since December 2023, highlighting their strength in hybrid platform and solutions after the Kyndryl spin-off.
- The company's focus on software and consulting has led to stable and recurring revenue growth, with software growing by 5% and consulting up 6% year-over-year.
- IBM's acquisitions, particularly the acquisition of Apptio, strengthen their AI and hybrid cloud capabilities and have the potential for significant revenue synergies.
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IBM: Growth In Software And Consulting Should Drive Future Recurring Growth