In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.

Investors rallied behind International Business Machines’ artificial-intelligence strategy, driving the stock up after the company released its latest quarterly earnings Wednesday. The tech company said it has taken an open-innovation approach to artificial intelligence,

Shares of International Business Machines Inc. rallied after hours on Wednesday after the tech-infrastructure provider reported a quarterly per-share profit that beat expectations.

IBM reported its Q4 2024 earnings results via its investor relations website this week. For EPS, IBM put up a final tally of $3.92 per share, adjusted, versus the analyst expectations, which expected $3.75 per share. Meanwhile, revenue at the company came out to $17.55 billion for Q4 2024, which was just a hair above the $17.54 billion expected.

IBM Corp. met analysts’ revenue estimates in the fourth quarter, but investors chose to focus on profit and a strong 2025 forecast, sending shares up nearly 9% in after-hours trading. Revenue rose 2% on a constant currency bases,

AI momentum, Red Hat acceleration and HashiCorp updates are among the most likely topics on IBM 4Q 2024 earnings report.

IBM surpassed analysts' estimates for fourth-quarter profit on Wednesday, driven by demand in its high-margin software unit as businesses ramped up IT spending, sending its shares soaring about 10% in extended trading.

IBM stock popped as Q4 earnings and revenue topped Wall Street estimates while 2025 revenue guidance came in above expectations.

IBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and revenue. The shares rose in extended trading. It's the largest rise in IBM's stock price since March 2020.