IBM Beats Q4 Earnings Estimates on Solid AI, Cloud Demand

International Business Machines Corporation (IBM) ended 2023 on a positive note with strong fourth-quarter results, wherein both the top and bottom lines beat the respective Zacks Consensus Estimate. The company witnessed healthy demand for hybrid cloud and AI solutions with a client-focused portfolio and broad-based growth.Net IncomeOn a GAAP basis, net income from continuing operations was $3,285 million or$3.54 per share compared with $2,711 million or$3.13 per share in the year-ago quarter. The improv ...