Motley Fool
Why IBM Stock Jumped Today
Shares of IBM (NYSE: IBM) climbed 5.7% on Tuesday after the technology giant’s fourth-quarter report gave investors hope that its growth strategy was taking hold. The gains were driven by an 8.2% increase in IBM’s software revenue, to $7.3 billion, and a 13.1% jump in its consulting revenue, to $4.7 billion. The company’s hybrid cloud operations, which help businesses integrate their private computing resources with public cloud services, enjoyed particularly strong growth.
Source: finance.yahoo.com
Related posts:
Bitcoin will see its 'dot-com moment' over next year or two: Charts technician
No One Wants Used EVs, Making New Ones a Tougher Sell Too
Jimmy Buffett Has Died. But His Margaritaville Empire Lives On.
Important Tax Changes to Know Before You File in 2024
4 things to watch when the Fed delivers its rate-hike decision