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Cloud Stocks: IBM's Presses into Quantum Computing

IBM (NYSE: IBM) recently announced mixed results for its first-quarter. The company continues to grow through partnerships. It is now making bigger inroads into the world of quantum computing. IBM's Financials Revenues for the first quarter grew 4.4% to $14.3 billion, falling short of the Street's estimates of $14.35 billion. Adjusted earnings of $1.36 a share was ahead of the $1.26 that the market had estimated. By segment, revenues from Software that includes Hybrid Platform & Solutions and Transaction Processing grew 5.6% to $5.9 billion. Revenue from Consulting including Business Transformation, Technology Consulting, and Application Operations grew 8.2% to $5 billion. Revenue from Infrastructure including Hybrid Infrastructure and Infrastructure Support grew 0.1% to $3.1 billion. IBM did not provide any outlook for the second quarter or the year. It did, however, mention that it expected constant currency revenue growth at the high end of the mid-single digit range. ....

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IBM Releases Q1 2023 Results

IBM Releases Q1 2023 Results
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James Kavanaugh , Arvind Krishna , Technology Consulting , Platform Solutions , Red Hat , Hybrid Platform , Transaction Processing , Business Transformation , Application Operations , Hybrid Infrastructure , Distributed Infrastructure , Infrastructure Support ,