IBM beats fourth-quarter revenue estimates as AI clamor boosts software demand

Jan 28 (Reuters) - IBM beat Wall Street estimates for fourth-quarter revenue and profit on Wednesday, as the rapid adoption of AI boosts demand for its software services, ranging from managing ​vast amounts of data to automating IT processes. Shares of the company rose nearly 9% in ‌extended trading. Businesses have doubled down on upgrading their software suites to develop data-intensive artificial intelligence technology, helping sales for IT service ‌and software providers such as IBM. Big Blue rep ...