News > IBM reported its fourth quarter results Software and Consulting Growth Driven by Hybrid Cloud Adoption

IBM reported its fourth quarter results Software and Consulting Growth Driven by Hybrid Cloud Adoption

Tech Story | 25/01/2022 06:50 PM | Click to read full article

IBM reported fourth-quarter results Monday that beat on the top and bottom lines, the tech giant’s first earnings report since spinning off Kyndryl, its information-technology services business. The IBM earnings report came after the market close.

Shares of the IT giant jumped as much as 7% aftermarket before easing to trade flat, with the company reiterating its forecast for mid-single-digit revenue growth in 2022, compared with 3.9% last year.

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