International Business Machines (IBM) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
IBM has reported a robust second quarter in 2024, with significant revenue growth, particularly in software, and an increase in free cash flow, prompting the company to raise its full-year free cash flow forecast to over $12 billion. The firm’s focus on enterprise AI and generative AI, including its watsonx platform, has led to a $2 billion book of business. Additionally, IBM has demonstrated strong cash generation, enabling ongoing investments in innovation and shareholder dividends.
For further insights into IBM stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue