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Sales at IBM's infrastructure business grew by 15% from last year to $3.33 billion, ahead of expectations.
IBM's infrastructure business sales rose 15% to $3.33 billion, beating analyst expectations.
KEY POINTS
- IBM CFO stated software growth tied to generative AI will add two percentage points in 2024.
- IBM's consulting revenue grew 4% to $5.27 billion, its highest growth since 2023.
- Despite meeting software revenue expectations, IBM shares fell 7% in after-hours trading.
COMPANIES
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