IBM publishes solid results. It is optimistic about 2023.

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IBM


delivered strong financial results, with better-than-expected revenues, driven by the company’s software and infrastructure businesses. The sales forecast was also positive, but the outlook for free cash flow was somewhat disappointing.

For the fourth quarter, IBM (ticker: IBM) reported revenue of $16.7 billion, level with a year ago but up 6% in constant currency terms, and ahead of the Street consensus of $16.2 billion.

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