Chairman, Chairman and CEO of IBM Arvind Krishna The 55th World Economic Forum meeting attends 55 (WEF) in Davos, Switzerland, January 22, 2025.
Yves Hermann Reuters
IBM I mentioned Fourth quarter profits on Wednesday That topped Wall Street's profits and revenues.
The shares increased by up to 10 % in the extended trading before giving up the gains and stability by 8 %.
Here is how the company did the LSEG consensus expectations:
- Arrow profits: $ 3.92, amendment, for $ 3.75 expected
- profit: 17.55 billion dollars, compared to 17.45 billion dollars expected
IBM was $ 2.92 billion of net income, or $ 3.09 per diluted stock, for $ 3.29 billion, or $ 3.55 per share, last year.
IBM said it expected growth in the entire year, which was modified of the currency, by 5 % and 13.5 billion dollars in free cash flow in 2025.
IBM total revenues increased by 1 % during a quarter. Throughout the entire year, IBM revenues increased by 1 % to $ 62.8 billion, with programs increasing by 8 %, while infrastructure revenue decreased by 4 %.
IBM said its software sector has grown by 10 % year on an annual basis to $ 7.9 billion, partly due to the demand for artificial intelligence technology and strong performance from the Red Hat Linux operating system.
The revenue in the IBM consulting department decreased by 2 % to $ 5.2 billion per quarter.
In a statement, the CEO of IBM Arvind Krishna said that the company has recorded $ 5 billion in reservations for its AI's business, which includes future sales and sales in the company's programs and consultations.
“We have closed the public with a two -number two -number growth growth, led by more acceleration in Red Hat,” Krishna said in a statement.
