2024-01-25 09:20:01 ET
Summary
- IBM's Q4 2023 results showed a 4% gain in sales, with software, consulting, and infrastructure revenues all trending positively.
- Free cash flow increased to $11.2 billion and 2024 guidance was solid.
- We tell you why we think IBM stock is a sell near $190.00.
Face-to-Face with WATSON
Presenting an entirely new frontier in information science is IBM's Watson advanced Q&A computing system, which recently proved its capabilities in understanding natural language in the US quiz show Jeopardy! . At CeBIT, visitors got a chance to challenge Watson in a demonstration game and learn more about the potential of the technology from the scientists involved. Watson's ability to analyze the meaning and context of human language, and quickly process information to find precise answers can assist decision makers, such as physicians and nurses, to access important knowledge and facts buried within huge volumes of information, and offer answers they may not have considered to help validate their own ideas or hypotheses.
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IBM: Solid Q4 Results Take The Stock Into Sell Territory