Chairman, Chairman and CEO of IBM Arvind Krishna The 55th World Economic Forum meeting attends 55 (WEF) in Davos, Switzerland, January 22, 2025.
Yves Hermann Reuters
IBM 13 % rose on Thursday against the background of a strong print in the fourth quarter, which showed the growth of artificial intelligence enhances software works.
The move put the arrow at the pace of its best since July 20, 2000, when the shares emerged 13 %.
The company reported a modified profit of $ 3.92 per share at $ 17.55 billion of revenues after the bell on Wednesday. Analysts signed by LSEG expected that profits will come at a price of $ 3.75 per share and revenue to $ 17.54 billion.
IBM has reported a 1 % increase in revenue in general, while the software unit grew by 10 % on an annual basis amid the increasing demand for artificial intelligence and the operating system known as Red Hat Linux. The CEO Arvind Krishna also said that the company has deployed $ 5 billion in reservations for the Ai Tolide sector.
“We have closed the public with the growth of two -digitary software for a quarter, led by more acceleration in Red Hat,” he said in a statement. “Customers in the world continue to resort to IBM to convert with artificial intelligence.”
Brian Esix, JPMorgan, maintained his neutral classification on stocks, but said that the company is still “encouraging” through the strength of the IBM program and the growth path. James Schneider, Goldman Sachs analyst, repeated the purchase classification, saying that the strength of the program should benefit the IBMS transformation plan.
IBM shares have gained 18 % since the beginning of the year.
