#ibm

Revnue and Financial Highlights Total Revenue: IBM reported $15 billion in revenue for Q3 2024, representing a modest 2% growth in constant currency terms. Adjusted EBITDA: The company posted an adjusted EBITDA of $3.8 billion. Operating Pretax Income: IBM achieved $2.5 billion in operating...

Stifel raised its price target for IBM to $246 from $205, maintaining a Buy rating. Despite a weaker Q3 forecast, IBM is expected to slightly outperform earnings estimates. IBM's dividend yield of 2.9% makes it attractive, though the stock seems stretched pre-earnings. Analysts suggest IBM is...

IBM has officially acquired Prescinto, a Bangalore-based company specializing in asset performance management (APM) software-as-a-service (SaaS) solutions, specifically for the renewable energy sector. This strategic acquisition aims to enhance IBM’s ability to manage and optimize renewable...

Salesforce and IBM have entered into a strategic partnership aimed at overcoming the challenges of AI implementation in the highly-regulated finance sector. The collaboration combines Salesforce’s Agentforce platform, a suite of autonomous agents, with IBM’s advanced watsonx AI capabilities to...

IBM is set to shut down its hardware research and development team in China, a move attributed to escalating geopolitical tensions between the U.S. and China. This closure will impact fewer than 1,000 employees, with job functions being transferred to other countries, particularly India. The...

Earnings: IBM reported Q2 earnings of $2.43 per share, exceeding the Zacks Consensus Estimate of $2.16 per share. This is an increase from $2.18 per share in the same quarter last year and represents a 12.50% earnings surprise. Revenue: The company posted revenues of $15.77 billion for the...