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IBM Posts Strong Earnings. It is Upbeat About 2023.




IBM


turned in sturdy monetary outcomes, with better-than-expected income, pushed by the corporate’s software program and infrastructure companies. Its forecast of income was upbeat as properly, however the outlook on free money stream was barely disappointing.

For the fourth quarter, IBM (ticker: IBM) posted income of $16.7 billion, flat with a yr in the past however up 6% in fixed foreign money, and forward of the Avenue consensus view at $16.2 billion.

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