IBM Revenue from Infrastructure Sees Highest Sequential and Year-over-Year Rise

IBM has reported its Q4 earnings, with revenue from its infrastructure business seeing its highest sequential and year-over-year rise. The company's revenue from infrastructure rose 11% sequentially and 25% year-over-year. IBM's total revenue was down 4% year-over-year, but its cloud business revenue grew 19% year-over-year.

IBM reported its Q4 earnings, highlighting significant growth in its infrastructure business. Revenue from infrastructure rose 11% sequentially and 25% year-over-year, marking the highest sequential and year-over-year increase in the company's history. This growth was driven by strong demand for hybrid cloud services, which grew 16% year-over-year [3].

Despite the robust performance of the infrastructure business, IBM's total revenue declined 4% year-over-year. However, the company's cloud business revenue grew 19% year-over-year, underscoring its commitment to cloud computing and hybrid cloud services. The company's strategic moves, such as the z17 mainframe launch and the Hakkoda acquisition, have positioned it well to capitalize on the growing demand for cloud services [3].

IBM's earnings reflect its strategic focus on AI integration and enterprise solutions. The company's ability to deliver strong results in the face of sector-specific challenges highlights its resilience and long-term growth prospects. As the tech sector continues to evolve, IBM's strategic moves and focus on infrastructure and cloud services position it well to navigate future market dynamics [3].

References:
[1] https://www.cryptopolitan.com/tesla-alphabet-ibm-lead-off-earnings/
[2] https://finance.yahoo.com/news/live/earnings-live-tesla-results-miss-google-boosts-ai-spending-chipotle-plunges-201333895.html
[3] https://www.investors.com/news/technology/ibm-stock-q2-earnings-preview-ai-cloud/