FinanceWednesday, October 21, 20261 min read

IBM reports Q3 revenue up 5% YoY to $17.1B, above $16.82B est., net income up 26% to $2.19B, software revenue up 8% to $7.8B, and infrastructure revenue up 4% (Elias Schisgall/Wall Street Journal)

By Techmeme · Published by Everything Blog

In short

IBM's Q3 revenue was $17.1 billion, up 5% from the previous year, with a 26% increase in net income, software revenue at $7.8 billion, and infrastructure revenue at $1.6 billion, indicating a strong financial performance.

Key points

IBM's financial health and operational performance are improving.: IBM's financial health and operational performance are improving.
The company's net income is 26% higher than the previous quarter.: The company's net income is 26% higher than the previous quarter.
Revenue from software and infrastructure sectors are growing.: Revenue from software and infrastructure sectors are growing.

Sources checked by our analysis pipeline: 1

Elias Schisgall / Wall Street Journal : IBM reports Q3 revenue up 5% YoY to $17.1B, above $16.82B est., net income up 26% to $2.19B, software revenue up 8% to $7.8B, and infrastructure revenue up 4%   —  The company reported a third-quarter profit of $2.19 billion, up from $1.74 billion a year earlier

Original source: www.techmeme.com

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IBM reports Q3 revenue up 5% YoY to $17.1B, above $16.82B est., net income up 26% to $2.19B, software revenue up 8% to $7.8B, and infrastructure revenue up 4% (Elias Schisgall/Wall Street Journal)

In short

Key points

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