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Home » IBM Revenue Growth Tops Expectations on Strong AI Demand; Stock Rises

IBM Revenue Growth Tops Expectations on Strong AI Demand; Stock Rises

    International Business Machines’ profit rose in the fourth quarter as strong demand for artificial intelligence pushed revenue higher than analysts had expected. Chief Executive Arvind Krishna said client demand for AI is accelerating and that IBM’s book of business for its generative AI platform Watsonx roughly doubled between the third quarter and the fourth. The biggest gain came from IBM’s consulting business while its infrastructure unit logged a smaller bump.

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