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Could IBM Become the Next Microsoft?
IBMIBM(IBM) The Motley Fool·2024-01-29 11:05

IBM's (IBM -1.58%) stock price rallied 9% to an 11-year high on Jan. 25 after the tech giant posted its fourth-quarter earnings report. Its revenue rose 4% year over year to 17.4billion,whichexceededanalystsestimatesby17.4 billion, which exceeded analysts' estimates by 100 million. Its adjusted earnings grew 8% to 3.87pershareandalsoclearedtheconsensusforecastby3.87 per share and also cleared the consensus forecast by 0.07 per share.That earnings beat suggests that IBM's turnaround efforts under CEO Arvind Krishna, who took the helm in April 2020, are finally bearing fruit. But can Big Blue ev ...