IBM Posts Solid Earnings. It’s Upbeat About 2023.

IBM


turned in strong financial results, with better-than-expected revenue, driven by the company’s software and infrastructure businesses. Its forecast of revenue was upbeat as well, but the outlook on free cash flow was slightly disappointing.

For the fourth quarter, IBM (ticker: IBM) posted revenue of $16.7 billion, flat with a year ago but up 6% in constant currency, and ahead of the Street consensus view at $16.2 billion.