Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025.<\/p>\n
Yves Herman | Reuters<\/p>\n
IBM<\/a> reported third-quarter results that topped Wall Street estimates and lifted its guidance, citing ongoing artificial intelligence<\/a> tailwinds. Still, the stock dropped 5% in extended trading. <\/p>\n Here’s how the company performed versus LSEG estimates:<\/p>\n Revenue increased 9% from about $15 billion in the year-ago period, IBM said. The company reported net income of $1.74 billion, or $1.84 per share, after recording a loss of $330 million, or 36 cents per share, a year earlier. The results from last year included the impact of a $2.7 billion pension settlement charge.<\/p>\n “Clients globally continue to leverage our technology and domain expertise to drive productivity in their operations and deliver real business value with AI,” CEO Arvind Krishna said in release.<\/p>\n IBM upped its revenue guidance and said it now expects “more than” 5% revenue growth, up from “at least” 5%. Free cash flow for the year is expected to hit $14 billion, up from a $13.5 billion estimate last quarter.<\/p>\n Krishna also said the company’s AI book of business has surpassed $9.5 million, up from $7.5 billion during the second quarter<\/a>.<\/p>\n Like many technology companies<\/a>, IBM has harnessed AI to streamline productivity and slash costs. In May, Krishna told the Wall Street Journal<\/a> that it replaced 200 human resources roles.<\/p>\n IBM’s software revenue rose 10% to $7.21 billion, meeting a StreetAccount estimate. Consulting revenue totaled $5.3 billion, surpassing a $5.24 billion projection.<\/p>\n Infrastructure, which includes its mainframe computers business, jumped 17% to $3.6 billion.<\/p>\n IBM’s board also approved a $1.68 per share quarterly dividend.<\/p>\n","protected":false},"excerpt":{"rendered":"Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos,…\n","protected":false},"author":2,"featured_media":520671,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3163],"tags":[323,1942,54778,3083,3085,1830,32904,24842,53,16,15],"class_list":{"0":"post-520670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-arvind-krishna","11":"tag-breaking-news-technology","12":"tag-business-news","13":"tag-earnings","14":"tag-enterprise","15":"tag-international-business-machines-corp","16":"tag-technology","17":"tag-uk","18":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115420173623252878","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/520670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=520670"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/520670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/520671"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=520670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=520670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=520670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n