IBM Forecasts Full-Year Revenue Growth Exceeding Expectations Driven by AI Adoption Trend
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IBM's forecast released on Wednesday indicates that due to the steady growth in demand for artificial intelligence technology among enterprises, the company expects its annual revenue to exceed market expectations, with its stock price rising by over 8% in after-hours trading. It is anticipated that the annual revenue will grow by a mid-single-digit percentage, approximately 4%-6%, surpassing expectations. The company's generative artificial intelligence business doubled in the fourth quarter compared to the previous quarter. Additionally, the CEO of IBM stated that the technology budget will remain largely unchanged from 2023.
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