FinanceSiliconANGLEabout 1 hour ago
IBM Beats Earnings Expectations on Q3 Results
5 min read
IBM Corp. reported adjusted earnings of $2.95 per share, beating Wall Street forecasts of $2.86. Revenue rose 5% to $17.1 billion, surpassing the $16.82 billion target. Net income reached $2.19 billion, up from $1.74 billion. CEO Arvind Krishna noted AI now accounts for 30% of consulting revenue and 35% of the order backlog, though gross margins narrowed to 27.4%.
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