IBM(US:IBM) Di Yi Cai Jing·2025-10-23 02:56Group 1 - The core issue for IBM is the slowdown in growth within its cloud software division, which has led to a significant drop in stock price by over 6% following the earnings report [1] - IBM's third-quarter revenue increased by 9% to $16.3 billion, with a net profit of $1.74 billion, compared to a loss of $330 million in the same period last year [1] - The growth in revenue is primarily driven by a substantial increase in AI business, which generated over $9.5 billion, marking a new high compared to $7.5 billion in the second quarter [1] Group 2 - Software revenue grew by 10% to $7.2 billion, while consulting revenue reached $5.3 billion, and infrastructure business, including mainframe operations, grew by 17% to $3.6 billion [1] - The hybrid cloud segment, particularly Red Hat, experienced a slowdown in sales growth from 16% in the previous quarter to 14% [1] - The company has raised its revenue guidance for the fiscal year, now expecting a growth of over 5% at constant currency, up from a previous forecast of at least 5% [2]