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 SO WHAT
IBM growing software 8% and infra 4% while expanding profit 26% is a reminder that ‘boring’ enterprise stacks are monetizing AI and hybrid cloud without headline-grabbing products. If you sell into large IT, assume budgets are there—but tied to modernization and AI overlays on existing IBM-style estates, not greenfield tools.
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