IBM IBM reported its fourth-quarter financial results after Wednesday's closing bell. Here's a look at the details from the report.

The Details: IBM reported quarterly earnings of $3.92 per share, which beat the analyst consensus estimate of $3.75. Quarterly revenue came in at $17.55 billion, which beat the analyst consensus estimate of $17.54 billion and is an increase over sales of $17.38 billion from the same period last year.

• IBM reported Software revenue was up 10%.
• Consulting revenue was down 2%.
• Infrastructure revenue was down 8%.

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“We closed the year with double-digit revenue growth in Software for the quarter, led by further acceleration in Red Hat. Clients globally continue to turn to IBM to transform with AI. Our generative AI book of business now stands at more than $5 billion inception-to-date, up nearly $2 billion quarter over quarter,” said Arvind Krishna, IBM chairman, president and CEO.

Outlook: “With our focused strategy, enhanced portfolio, and culture of innovation, we’re well-positioned for 2025 and beyond and expect revenue growth of at least five percent and free cash flow of about $13.5 billion this year,” Krishna said.

IBM Price Action: According to data from Benzinga Pro, IBM shares are up 7.82% after-hours at $246.50 on Wednesday.  

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