The following slide deck was published by International Business Machines Corporation in conjunction with their 2024 Q3 earnings call...
Continue ReadingInternational Business Machines Corporation (NYSE:IBM) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ETCompany ParticipantsOlympia McNerney -.....
Continue ReadingInternational Business Machines posted higher revenue in the third quarter as demand for artificial intelligence offset a shaky consulting environment. The tech company's generative AI book of business has now topped $3 billion, up more than $1 billion compared to the second quarter. About 20% of that is related to software solutions, with the rest coming from consulting...
Continue Reading(Bloomberg) -- International Business Machines Corp. declined as much as 8% in late trading after the company reported underwhelming revenue in the third quarter, hurt by a slowdown in consulting demand.Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionOman Sees an Urban Future Distinct From Dubai and Abu DhabiTransportation Policy Gets Left Behind in Presidential RaceHow Kyiv Became a Leader in Digital Services Amid Wartime StrainDhaka's Revolutionary Makeover Pits Visio...
Continue ReadingIBM (IBM) released mixed third quarter results after Wednesday's closing bell, reporting $14.97 billion in revenue ($15.05 billion was expected) and adjusted earnings of $2.30 per share ($2.22 was expected). IBM shares have slipped by over 4% in extended-hours trading. Market Domination Overtime Julie Hyman and Josh Lipton run through the multinational technology company's revenues across its various segments, including software and generative AI. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan...
Continue ReadingInternational Business Machines (NYSE:IBM) reported third-quarter earnings that beat analyst estimates, but revenue fell short of expectations, sending shares down 4.5% in after-hours trading...
Continue ReadingARMONK, N.Y. (AP) — International Business Machines Corp. IBM) on Wednesday reported a loss of $330 million in its third quarter. The Armonk, New York-based company said it had a loss of 36 cents per share...
Continue Reading(Reuters) -International Business Machines missed analysts' estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business. IBM's shares fell about 4% in extended trading after rising more than 40% this year, as investors bet on the company's potential to benefit from generative AI through its software and consulting services. "A pause in discretionary spending is impacting our consulting business," CEO Arvind Krishna said during a post-earnings call...
Continue ReadingIBM (NYSE: IBM) today announced third-quarter 2024 earnings results...
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