Accelerated Software revenue growth, expanded gross profit margin, and strong free cash flowARMONK, N.Y., Oct. 23, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced third-quarter 2024 earnings results."Our third-quarter performance was led by double-digit growth in Software, including a re-acceleration in Red Hat. We continue to see great momentum in AI as our models are trusted, fit-for-purpose, and lower cost, with performance leadership. Our generative AI book of business now stands at more than $3 bi ...

CHICAGO - MAY 10: An IBM sign stands outside an IBM building May 10, 2005 in downtown Chicago, ... [+] Illinois. IBM has recently announced job cuts in its European operation of 10,000 to 13,000 workers, mainly in Britain, France, Germany and Italy. (Photo by Tim Boyle/Getty Images)Getty ImagesIBM Inc. scheduled to report earnings after Wednesday’s close. The stock just hit a record high near $237/share and is currently trading near that level. The stock is prone to big moves after reporting earnings and ca ...

International Business Machines (NYSE: IBM ), also known as IBM, has roughly doubled in price since its October 2023 low. Does this valuation surge make sense? Not really. In my view, IBM is a solid company, but the stock offers investors a wholeI objectively search for undervalued stocks of any size across a wide variety of industries using quantitative methods that I've thoroughly backtested for success. I believe the numbers are more important than the story (most of the time), as they tend to paint a mo ...

IBM Guardium Data Security Center provides unified, SaaS-first data security capabilities amid hybrid cloud, AI, and quantum transformationNew software part of IBM's comprehensive approach for protecting hybrid cloud and AIARMONK, N.Y., Oct. 22, 2024 /PRNewswire/ -- As hybrid cloud-, AI-, and quantum-related risks upend the traditional data security paradigm, IBM (NYSE: IBM) is launching IBM Guardium Data Security Center – allowing organizations to protect data in any environment, throughout its full lifecy ...

The tech giant's quick, cost-efficient AI models can be fine-tuned with enterprise data to produce impressive results. International Business Machines (IBM -0.19%) has been working on artificial intelligence (AI) technology for decades, but the company is only now finding its footing and turning AI into a viable business. IBM's main focus is enabling large enterprises to leverage generative AI to boost productivity and unlock efficiencies. That's a powerful pitch, given that large investments in AI often ha ...

International Business Machines Corporation (IBM) is scheduled to report third-quarter 2024 earnings on Oct. 23. In the to-be-reported quarter, the company is likely to have recorded higher revenues from the Software segment with a strong focus on product innovation and growing clout of watsonx.ai across various sectors.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Factors at PlayThe Software segment includes Hybrid Platform & Solutions comprising software services, Red Hat, automat ...

International Business Machines Corporation (IBM) is scheduled to report third-quarter 2024 earnings on Oct. 23. In the to-be-reported quarter, the company is likely to have recorded higher revenues from the Consulting segment backed by rising demand for technology consulting and business transformation services.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Factors at PlayThe Consulting segment comprises Business Transformation, Technology Consulting and Application Operations. It p ...

jozzeppe/iStock Editorial via Getty Images IBM (NYSE:IBM) is scheduled to report their Q3 ’24 financial results after the closing bell on Wednesday, October 23rd, 2024. September ’24 saw the stock see a strong breakout above the April ’13 highs of $213-215, as evidenced ...

New Granite 3.0 8B & 2B models, released under the permissive Apache 2.0 license, show strong performance across many academic and enterprise benchmarks, able to outperform or match similar-sized modelsNew Granite Guardian 3.0 models deliver IBM's most comprehensive guardrail capabilities to advance safe and trustworthy AINew Granite 3.0 Mixture-of-Experts models enable extremely efficient inference and low latency, suitable for CPU-based deployments and edge computingNew Granite Time Series model achieved ...

Core Insights - The article discusses the ongoing AI innovation wave, highlighting the significant impact of OpenAI's ChatGPT release in November 2022, which accelerated AI adoption and awareness [1] - It identifies Nvidia as a leading player in the generative AI boom, with its stock price increasing over 1,000% in two years, driven by a 237% revenue increase and a ninefold boost in free cash flows [2] - The article suggests that while Nvidia is a strong performer, its stock may be overvalued, prompting a search for alternative AI investment opportunities [2] Company Analysis - **Nvidia**: - Stock has risen 1,050% over two years - Price-to-Sales Ratio (P/S) is 58.4 - Price-to-Free Cash Flow Ratio (P/FCF) is 72.4 [3] - **IBM**: - Stock has increased 92% over two years - P/S ratio is 3.4 - P/FCF ratio is 16.9 - IBM has been an AI innovator since the 1970s, focusing on enterprise-class AI solutions rather than consumer applications [4][5] - The Watsonx generative AI platform has generated over $2 billion in orders [5] - **UiPath**: - Stock has only increased 5% over two years - P/S ratio is 5.1 - P/FCF ratio is 21.6 - UiPath specializes in robotic process automation (RPA) and has integrated AI capabilities to enhance its software [6][7] - The company has seen a 32% increase in trailing sales over the last two years, with free cash flows improving from a $134 million loss to $327 million in profits [7]