International Business Machines Corporation
IBM Reports Double-Digit Software Revenue Growth for Q4 2024
Summary
IBM reported double-digit revenue growth in Software for Q4 2024, led by strong performance in Red Hat, and increased its generative AI book of business to over $5 billion. The company generated $12.7 billion in free cash flow for 2024, exceeding its expectations. IBM expects revenue growth of at least 5% and free cash flow of about $13.5 billion for 2025.
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About International Business Machines Corporation
International Business Machines Corporation, commonly known as IBM, is a global technology and consulting company primarily known for its enterprise solutions. IBM operates in various segments including cloud computing, artificial intelligence (AI), blockchain, and quantum computing, providing critical infrastructure to businesses and governments worldwide. A pivotal player in the IT services industry, IBM offers software products like Watson, a powerful AI system, and collaborates on large-scale data management and analytics projects. IBM is also heavily involved in the IT consulting sector, helping organizations modernize operations through digital transformation initiatives. Headquartered in Armonk, New York since its founding in 1911, the company has been instrumental in driving advancements in computing technology. IBM's contributions significantly impact sectors ranging from healthcare to finance, making it an integral entity within the tech industry and global economy.
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