IBM Corp reported a solid financial performance for the first quarter of 2024, with revenue increasing to $14.5 billion, a 1.5% rise from the previous year. The company's income from continuing operations saw a significant jump of 68.6%, reaching $1.6 billion, while net income surged by 73.0% to $1.6 billion. Diluted earnings per share from continuing operations rose by 65.7% to $1.69. The company's balance sheet remained strong, with total assets increasing by 1.4% to $137.2 billion, and total equity growing by 3.2% to $23.3 billion. IBM's business development was marked by strategic organizational changes to enhance market alignment and segment comparability. The company's future plans include continued investment in hybrid cloud and AI technologies, with a focus on driving productivity and competitiveness for clients. IBM's commitment to...Show More

IBM Corp reported a solid financial performance for the first quarter of 2024, with revenue increasing to $14.5 billion, a 1.5% rise from the previous year. The company's income from continuing operations saw a significant jump of 68.6%, reaching $1.6 billion, while net income surged by 73.0% to $1.6 billion. Diluted earnings per share from continuing operations rose by 65.7% to $1.69. The company's balance sheet remained strong, with total assets increasing by 1.4% to $137.2 billion, and total equity growing by 3.2% to $23.3 billion. IBM's business development was marked by strategic organizational changes to enhance market alignment and segment comparability. The company's future plans include continued investment in hybrid cloud and AI technologies, with a focus on driving productivity and competitiveness for clients. IBM's commitment to innovation is evident in its recent acquisitions and the planned purchase of HashiCorp, aiming to close by the end of 2024. The company's strategy to optimize its portfolio was highlighted by the sale of The Weather Company assets and the completion of three acquisitions in Q1 2024. IBM's financial position allows for strategic investments and shareholder returns, with $1.5 billion returned in dividends and a strong cash generation enabling both organic growth and strategic acquisitions.