IBM Releases Fourth-Quarter Results
IBM News, Wednesday, January 29th, 2025
Double-digit Software revenue growth; Free cash flow well-exceeds full-year expectation
IBM announced fourth-quarter 2024 earnings results.
"We closed the year with double-digit revenue growth in Software for the quarter, led by further acceleration in Red Hat. Clients globally continue to turn to IBM to transform with AI. Our generative AI book of business now stands at more than $5 billion inception-to-date, up nearly $2 billion quarter over quarter," said Arvind Krishna, IBM chairman, president and chief executive officer.