IBM Releases Third-Quarter Results
IBM News, Wednesday, October 25,2023
Revenue growth led by Software and Consulting; Strong profit and cash generation
IBM announced third-quarter 2023 earnings results.
"Technology remains a critical source of competitive differentiation and progress for organizations around the world," said Arvind Krishna, IBM chairman and chief executive officer. "Clients are increasingly adopting our watsonx AI and data platform along with our hybrid cloud solutions to unlock productivity and operational efficiency. This is helping drive solid growth in our software and consulting businesses. As a result, we remain confident in our revenue and free cash flow growth expectations for the full year."