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President, President and Executive Director of IBM Arvind Krishna attends the 55th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland, on January 22, 2025.
Yves Herman | Reuters
IBM 12% increased in thorough Thursday of a Strong impression of the fourth quarter That showed an artificial intelligence growth that promoted its software business.
The measure put the actions in rhythm for its best day since July 20, 2000, when the shares appeared 13%.
The company reported adjusted profits of $ 3.92 per share adjusted at $ 17.55 billion in revenues after the bell on Wednesday. The analysts surveyed by LSE expected the profits to reach $ 3.75 per share and the income reached $ 17.54 billion.
IBM reported a 1% increase in income in general, while its software unit grew 10% year after year in a growing demand for artificial intelligence and its operating system known as Red Hat Linux. The CEO Arvind Krishna also said that the company registered $ 5 billion in reservations for its generative segment of AI.
“We close the year with a two -digit income growth in the quarter software, led by greater acceleration in Red Hat,” he said in a statement. “Customers worldwide continue to turn to IBM to transform with AI.”
JPMorgan analyst Brian Essex maintained his neutral qualification in IBM, but said the company is still “encouraged” for its software strength and growth career. Goldman Sachs analyst James Schneider reiterated his purchase rating, saying that the software strength should benefit the IBM response plan.
IBM shares have won 18% since the beginning of the year.
