Arab Canada News
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Published: January 25, 2024
The focus of the giant computer company (IBM) on software and services is bearing fruit, as its sales volume in the last quarter rose by 4% year-on-year to $17.4 billion.
Profits jumped from $2.7 billion to about $3.3 billion.
Investors drove the stock price up by about 8% at times after trading hours.
In the last quarter, revenues increased in both the software and consulting divisions, according to IBM's announcement after the US stock market closed on Wednesday.
For the current year, the company expects further sales growth.
Friday, 04 July 2025
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