IBM (IBM, Financial) experienced a significant stock price increase, surging over 9% to $249.15. The company reported a 1% year-over-year rise in Q4 revenue to $17.6 billion, surpassing market expectations of $17.5 billion. Adjusted earnings per share reached $3.92, exceeding the anticipated $3.74.
Looking ahead, IBM forecasts robust revenue growth for the new fiscal year, driven by a substantial increase in artificial intelligence-related orders. Since mid-2023, AI consulting and software orders have exceeded $5 billion, a notable rise from the $3 billion reported in the previous financial disclosure. Approximately 80% of these orders are attributed to the consulting division, with the remaining coming from the software segment.
