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IBM RELEASES FIRST-QUARTER RESULTS itnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itnewsonline.com Daily Mail and Mail on Sunday newspapers.
IBM (NYSE: IBM) recently announced strong results for its fourth-quarter that sent the stock climbing 7% in the after-hours trading session. IBM's Financials Revenues for the quarter grew 4% to $17.4 billion, surpassing Street's estimates of $17.3 billion. Adjusted earnings of $3.87 per share were significantly ahead of the analyst estimates of $3.79. By segment, revenues from Software that includes Hybrid Platform & Solutions and Transaction Processing grew 3% to $7.5 billion, falling short of the market's forecast of $7.67 billion. Revenue from Consulting including Business Transformation, Technology Consulting, and Application Operations grew 6% to $5 billion, again missing the market's estimated $5.1 billion. Revenue from Infrastructure including Hybrid Infrastructure and Infrastructure Support fell 3% to $4.6 billion, ahead of the Street's forecast of $4.3 billion. Financing revenues grew 2% to $0.2 billion. IBM's annual reveunue grew 2% to $61. ....
IBM Posts Strong Financial Performance in Q4 2023, Expects Growth in AI-Centric Roles infotechlead.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infotechlead.com Daily Mail and Mail on Sunday newspapers.
Application Management Services (AMS) encompass a comprehensive suite of services that organizations use to manage and optimize their software application environments. At its core, AMS is designed to ensure that business applications run smoothly, efficiently, and in alignment with the company's strategic objectives. Understanding Application Management Services AMS includes various support functions for applications throughout ....