IBM ups 2022 revenue forecast
[ad_1]
In the third quarter revenue of IBM company grew by 6.5% in comparison with the same period of 2021 and reached $14.11 billion. Revenue from sales of the software grew by 7.5%, to $5.8 billion, consulting services — for 5.4%, to $4.7 billion, infrastructure equipment – by 14.8%, to $3.4 billion.
Given these indicators, the head of IBM Arvind Krishna raised forecasts for the entire fiscal year, noting that he expects “revenue growth of 4-6%”.
Gross profit for the quarter was $7.4 billion, up 5% from the third quarter of 2021. Meanwhile, the company posted a net loss of $3.21 billion, up from a profit of $1.04 billion a year earlier. within the division of one of the divisions of IBM.
Shares of the company reacted to the publication of financial statements with a six percent increase during electronic trading on the New York Stock Exchange after the close of the session on Wednesday.
[ad_2]
Source link
