IBM increased income for Q3 by 4.6%

15:48 - 26.10.2023

October 26, Fineko/abc.az. IBM's quarterly revenue grew by 4.6% to $14.8 billion from $14.1 billion a year earlier. Experts on average predicted this figure at the level of $14.7 billion, ABC.AZ reports, referring to IBM press release.

Net profit in July-September was $1.7 billion, or $1.84 per share, compared with net loss of $3.2 billion, or $3.54 per share, for the same period a year earlier.

IBM's revenue in the software segment increased by 8% to $6.27 billion, including revenue from data center solutions and AI technologies increased by 6%.