Lates News

IBM's stock soared more than 8% in pre-market trading after the company announced revenue growth and continued expansion of its artificial intelligence business. Analysts from JPMorgan pointed out that the company's software department is the main driver of revenue growth. Strong performance expectations reflect the growth momentum of IBM's entire product line. Better-than-expected free cash flow and profit growth are also optimistic signals, while cost-cutting measures help protect profit margins. However, analysts also warn that the growth of the hybrid cloud department is slowing down and infrastructure business revenue is expected to decline. In addition, the consulting department is facing dual pressures of fierce competition and demand threats.