IBM
turned in strong financial results, with better-than-expected revenue, driven by the company’s software and infrastructure businesses. Its forecast of revenue was upbeat as well, but the outlook on free cash flow was slightly disappointing. the stock is dropping.
For the fourth quarter, IBM (ticker: IBM) posted revenue of $16.7 billion, flat with a year ago but up 6% in constant currency, and ahead of the Street consensus view at $16.2 billion.
Source: https://www.barrons.com/articles/ibm-earnings-stock-51674680920?siteid=yhoof2&yptr=yahoo