International Business Machines Corp (IBM)
IBM: Q3, Strong Software Growth Offset By Temporary Weakness In Consulting
IBM's AI advancements, including Granite 3.0 and Red Hat OpenShift AI, are pivotal for future growth, particularly in the consulting business. Despite current macroeconomic challenges, I expect IBM's consulting business to recover and thrive as the economy normalizes. Strong growth in software, with significant contributions from Red Hat and automation, supports a fair value of $300 per share.
IBM stock is 'very depressed ' given growth potential and AI play
IBM (IBM) shares are under pressure after the company's third quarter revenue fell short of analyst expectations. Argus Research director of research Jim Kelleher joins Julie Hyman and Josh Lipton to break down the results, where the company fits into the artificial intelligence play, and IBM stock's valuation.
International Business Machines Corporation (IBM) Q3 2024 Earnings Call Transcript
International Business Machines Corporation (NYSE:IBM ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Olympia McNerney - Global Head of IR Arvind Krishna - Chairman & CEO James Kavanaugh - SVP & CFO Conference Call Participants Amit Daryanani - Evercore ISI Toni Sacconaghi - Bernstein Wamsi Mohan - Bank of America Benjamin Reitzes - Melius Research James Schneider - Goldman Sachs Brent Thill - Jefferies Erik Woodring - Morgan Stanley Matt Swanson - RBC Capital Markets Operator Welcome, and thank you for standing by. At this time, all participants are in a listen-only mode.
IBM (IBM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for IBM (IBM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
IBM (IBM) Tops Q3 Earnings Estimates
IBM (IBM) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.20 per share a year ago.
IBM says AI business is rapidly growing, but that's not enough to help the stock
IBM's stock is falling despite a profit beat for the third quarter, as consulting revenue came in flat and infrastructure revenue declined.
IBM's consulting business is getting incrementally worse, says Evercore ISI's Amit Daryanani
Amit Daryanani, Evercore ISI Senior Managing Director, joins 'Closing Bell Overtime' to talk IBM earnings.
EARNINGS ALERT: IBM, NOW
George Tsilis provides instant analysis of IBM (IBM) and Servicenow (NOW) earnings, and what it might spell out for the tech sector moving into the middle of this earnings season. ======== Schwab Network ======== Empowering every investor and trader, every market day.
IBM's software surge can't offset consulting revenue decline in Q3
International Business Machines Corp (NYSE:IBM) reported a mixed bag for its third-quarter earnings on Tuesday, with a notable performance from its software segment but disappointing results from its consulting and infrastructure units. The technology giant posted adjusted earnings per share (EPS) of $2.30, surpassing analysts' expectations of $2.23.
IBM stock slips on disappointing consulting and infrastructure revenue
IBM's software business outperformed thanks to acceleration in the Red Hat business. But the consulting and infrastructure units came up short on revenue.
IBM beats third-quarter profit estimates on software strength
International Business Machines beat analysts' estimates for third-quarter profit on Wednesday, helped by robust growth in its high-margin software segment as businesses prioritized spending on its IT services and doubled down on AI adoption.
Earnings Preview: What To Expect From IBM
IBM Inc. scheduled to report earnings after Wednesday's close. The stock just hit a record high near $237/share and is currently trading near that level.
