IBM: EPS up 8% in Q4
The IT services giant's sales rose by 4% to $17.4 billion on a reported basis, and by 3% at constant exchange rates, with growth driven in particular by the consulting segment (+5%).
Customer demand for AI is accelerating, and our backlog for Watsonx and generative AI almost doubled between the third and fourth quarters", says CEO Arvind Krishna.
"Based on the strength of our portfolio and our experience in innovation, we expect revenue performance for 2024 to be in line with our mid-single-digit range model, and around $12 billion in free cash flow", he continues.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction