Is IBM's Long-Awaited Comeback Finally Beginning?
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.
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.
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