IBM has fallen by 7.61% on Wall Street after publishing quarterly results that They have been below what analysts in the income of the software divisionwhich has contributed 7.4 billion to the total turnover. The rest of the figures have been better than expected, such as the Onced Action (BPA), which with 2.80 dollars has exceeded $ 2.64 forecasts. The same has happened with total revenues, which have promoted 16,980 million, compared to estimates of 16,590 million.
Arvind KrishnaPresident and CEO of IBM, says the company «maintains a solid leadership position in the market«Thanks to their» deep innovation and experience in the sector, both crucial to help customers implement and climb the AI. «» Our generative business portfolio continues to grow and already exceeds 7.5 billion dollars. Thanks to our solid performance in the first semester, we are raising our free cash flow forecasts for the whole year, which we hope exceeds 13,500 million dollars, «he adds. For its part, for its part, for its part, James KavanaughSenior Vice President and Financial Director of IBM, highlights the «innovation» that the company is «incorporating into the market throughout the portfolio», and that and that «Keep impact» customers «as they expand their adoption and investment in AI.»
«As a result, income growth, portfolio combination and continuous productivity initiatives promoted a significant expansion of margins and a Two digits growth in earnings. This combination generated a solid free cash flow, which promoted our ability to invest in the business and generate value for shareholders through dividends, «he concludes.
