2023-10-25 15:15:00

Is IBM's Long-Awaited Comeback Finally Beginning?

Logo The Motley Fool
The Motley Fool
By Will Healy

International Business Machines (IBM -0.25%) continues to connect with its clients in the cloud, which has helped the tech giant post continually improving results. However, despite its transition into a more cloud-focused company, the company more broadly has continued to face its fair share of challenges.

As such, IBM stock continues to trade in a range, and it will likely take more than a post-earnings bump to change the paradigm for the stock moving forward. With that said, let's take a closer look at what's going on with IBM to determine better if it's worth considering today.

AD
AD

IBM's revenue and earnings

IBM has posted strong numbers since the spinoff of its managed infrastructure business into Kyndryl last year. The strength continued in the third quarter, as it reported more than $14 billion in revenue.

This was an increase of 6% versus 12 months prior and amounted to 15% growth when measured in constant currency. It also means that for the first nine months of the year, revenue rose 8% compared with the same period in 2021.

Continue read on fool.com

AD
Logo The Motley Fool
MarketsBy Leo Sun2023-10-22 12:50:00
Shares of IBM ( IBM 1.25%) rose 3% during after-hours trading on Wednesday following its third-quarter report. The tech giant's revenue rose 6% year over...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-10-22 12:50:00
Shares of IBM (NYSE: IBM) rose 3% during after-hours trading on Wednesday following its third-quarter report. The tech giant's revenue rose 6% year over year...

Logo The Motley Fool
MarketsBy Timothy Green2023-10-21 10:40:00
For the better part of a decade, International Business Machines ( IBM 4.73%) has been working to remake itself as IT budgets increasingly shifted to the...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-10-21 10:40:00
For the better part of a decade, International Business Machines (NYSE: IBM) has been working to remake itself as IT budgets increasingly shifted to the...

Logo Benzinga
Business / FinanceBy Pr Newswire2023-10-19 20:08:00
Revenue Growth in All Key Segments Led by Global Hybrid Cloud Adoption; Solid Cash Generation ARMONK, N.Y., Oct. 19, 2022 /PRNewswire/ -- IBM IBM today...

Logo PR Newswire
TechnologyPress Release2023-10-19 20:08:00
Revenue Growth in All Key Segments Led by Global Hybrid Cloud Adoption; Solid Cash Generation ARMONK, N.Y., Oct. 19, 2022 /PRNewswire/ -- IBM (NYSE: IBM )...

Logo Benzinga
Business / FinanceBy Mohit Manghnani2023-10-19 20:23:20
IBM IBM delivered third-quarter Non-GAAP EPS of $1.81, which beat the consensus of $1.78. It clocked Q3 revenue of $14.11 billion (+6% Y/Y), beating the...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-10-20 14:20:00
Shares of International Business Machines (NYSE: IBM) are rallying after the company reported third-quarter 2022 earnings. The company slightly beat both...

Logo The Motley Fool
MarketsBy Nicholas Rossolillo2023-10-20 14:20:00
Shares of International Business Machines ( IBM 3.80%) are rallying after the company reported third-quarter 2022 earnings. The company slightly beat both...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-10-19 20:12:45
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide (Reuters) -...

Logo The Motley Fool
MarketsBy Will Healy2023-10-14 09:25:00
Investors this year increasingly turned away from dividend stocks in favor of the rising yields being offered on bonds. Given that investors can now earn a...

Logo Nasdaq
MarketsBy The Motley Fool2023-10-14 09:25:00
Investors this year increasingly turned away from dividend stocks in favor of the rising yields being offered on bonds. Given that investors can now earn a...

Logo Investing.com
MarketsBy Investing Com2023-10-19 20:35:30
By Davit Kirakosyan IBM (NYSE: IBM ) shares were up more than 5% after-hours following the company’s reported Q3 results, with EPS of $1.81 coming in better...

Logo MarketWatch
MarketsBy Bill Peters2023-10-19 21:07:00
Shares of International Business Machines Corp. rallied in extended trading Wednesday, after the tech software, consulting and infrastructure giant reported...

Logo Nasdaq
TechnologyBy Zacks2023-10-18 22:17:00
The Zacks Computer and Technology sector has been hit hard in 2022 amid a Fed pivot to a hawkish nature, with geopolitical issues and lingering COVID-19...

Logo Nasdaq
TechnologyBy Zacks2023-10-20 14:17:00
The Zacks Computer and Technology sector has been hit hard in 2022 amid a Fed pivot to a hawkish nature, with geopolitical issues and lingering COVID-19...

Logo Nasdaq
Business / FinanceBy Richard Saintvilus2023-10-19 11:31:04
When looking at International Business Machines ( IBM ), it appears that the company has been in a perpetual transformation cycle. But the recent financial...

Logo The Motley Fool
MarketsBy Rich Smith2023-10-24 11:31:00
All of a sudden, blue-chip stock International Business Machines ( IBM 1.25%) is looking like a buy again. According to the latest data from S&P Global...

Logo Nasdaq
Business / FinanceBy The Motley Fool2023-10-24 11:31:00
All of a sudden, blue-chip stock International Business Machines (NYSE: IBM) is looking like a buy again. According to the latest data from S&P Global...

Logo Investing.com
MarketsBy Investing Com2023-10-20 10:24:47
By Senad Karaahmetovic IBM (NYSE: IBM ) shares are up 3% in pre-open Thursday after the company reported solid Q3 results. The company reported an EPS of...