IBM beat Wall Street estimates for third-quarter revenue and profit on Wednesday, driven by booming demand for its software and new mainframe as the rush to deploy AI models boosts sales for the underlying technology supporting them.
Businesses have prioritized spending on improving their platforms as they upgrade their systems to develop data-intensive artificial intelligence tech, helping drive demand for IBM’s high-margin software segment.
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However, the company’s … [1703 chars]
Source: Reuters | Published: 2025-10-22T20:12:30Z
Credit: Reuters
