IT software and consultancy services provider IBM reported third-quarter revenue slightly above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions and a stronger-than-expected mainframe business. While the company has seen a slowdown in the growth of its overall business compared to last year, it reiterated its annual target for revenue growth and free-cash-flow generation. IBM's generative artificial intelligence (AI) book of business, which could refer to a combination of actual sales as well as bookings, was in the “low hundreds of millions of dollars” during the third quarter, with customers including accounting firm Ernst & Young, IBM Chief Financial Officer James Kavanaugh told Reuters.
Read full NASCAR article on Yahoo Sports
Read all NASCAR articles