BREAKING: Crude Oil Jumps 5% On Trump Move The Armonk, N.Y.-based IBM said that it earned an adjusted $2.65 per share for the September-ended quarter, up 15% from a year earlier.That beat the $2.45 per share that analysts polled by FactSet were forecasting. Sales increased 9% $16.3 billion compared with analyst estimates of $16.1 billion. IBM Chief Executive Arvind Krishna touted an AI book of business that had reached more than $9.5 billion, according to IBM's news release. One year ago, Krishna said IBM's ...

While International Business Machines (IBM -2.19%) generates most of its revenue from software and consulting services, the company's hardware business is still an important piece of the puzzle. IBM's mainframe systems, known for their extreme reliability, remain a workhorse in certain industries. Of the world's 50 top banks, 43 use IBM's mainframes to handle mission-critical workloads. Every two to three years, IBM refreshes its mainframe lineup with a new model that brings improved performance and expande ...