Reported about 13 hours ago
IBM has provided a bullish outlook for long-term sales growth, predicting an annual increase of over 5%, driven largely by its expanding software business. CFO Jim Kavanaugh indicated that revenue from the software sector could rise by about 10% annually, overshadowing expectations of 7%-9%. The company, transitioning from traditional computing to a focus on software and services, is actively enhancing its offerings through strategic acquisitions. Following the announcement, IBM's stock saw a 1.4% rise.
Source: YAHOO