Cost SavingsIBM has cited $3.5bn in cost savings by implementing AI internally.
Free Cash FlowFCF of $2.0bn exceeded consensus estimates by 9.7%, resulting in FCF growth of 2.8% y/y.
Hybrid Cloud StrategyAI is proving to be efficient at leveraging data at the Edge, within Data Center environments, and in the Cloud supporting IBM's Hybrid Cloud strategy.
Mainframe LaunchThe new z17 Mainframe launch is anticipated to drive significant growth due to its essential role in global transaction volumes.