Analyst Sachin Mittal of DBS maintained a Hold rating on International Business Machines (IBM – Research Report), reducing the price target to ...

for IBM. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: Even though a ...

Key Insights for Shareholders ...

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 ...

An uncertain economic outlook pushed IBM's customers to reduce discretionary spending and prioritize GenAI projects, impacting growth in its consulting services. "Infrastructure, which had been ...

"Heading into the final quarter of 2024, we expect fourth-quarter constant currency revenue growth to be consistent with the third quarter, with continued strength in software," said IBM CEO ...

Generative AI bookings are expected to restore growth, he said. The infrastructure business fell 7%, reflecting product cycle forces in IBM’s Z family of mainframes, which declined 19%.

17:26 EDT IBM (IBM) sees low double digit revenue growth in software in Q4 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See ...