IBM(IBM) - 2024 Q3 - Quarterly Results

Exhibit 99.1 (1) IBM RELEASES THIRD-QUARTER RESULTS Accelerated Software revenue growth, expanded gross profit margin, and strong free cash flow ARMONK, N.Y., October 23, 2024 . . . 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 ...