Cloud Stocks: IBM's Growing Generative AI Investments
IBM (NYSE: IBM) recently announced strong results for its third-quarter. The company continues to grow through investments in generative AI. IBM's Financials Revenues for the third quarter grew 4.6% to $15.75 billion, surpassing Street's estimates of $15.73 billion. Adjusted earnings of $2.20 a share was ahead of the analyst estimates of $2.13. By segment, revenues from Software that includes Hybrid Platform & Solutions and Transaction Processing grew 8% to $6.27 billion. Revenue from Consulting including Business Transformation, Technology Consulting, and Application Operations ...