Could IBM Become the Next Microsoft?
IBMIBM(US:IBM) The Motley Fool·2024-01-29 11:05

IBM's (IBM -1.58%) stock price rallied 9% to an 11-year high on Jan. 25 after the tech giant posted its fourth-quarter earnings report. Its revenue rose 4% year over year to $17.4 billion, which exceeded analysts' estimates by $100 million. Its adjusted earnings grew 8% to $3.87 per share and also cleared the consensus forecast by $0.07 per share.That earnings beat suggests that IBM's turnaround efforts under CEO Arvind Krishna, who took the helm in April 2020, are finally bearing fruit. But can Big Blue ev ...