MSFT 415.85 -0.4643% AAPL 228.66 0.1665% NVDA 145.315 -1.153% GOOGL 175.65 -1.3867% GOOG 177.07 -1.3977% AMZN 202.88 -0.8455% META 564.135 0.5427% AVGO 162.61 -1.6571% TSLA 342.2799 -1.0752% TSM 186.825 -1.5% LLY 754.385 3.3786% V 307.39 -1.4302% JPM 240.935 -0.8865% UNH 601.41 4.2305% NVO 105.52 2.8159% WMT 87.12 0.6005% LVMUY 121.8 -0.5471% XOM 119.97 1.1296% LVMHF 607.0 -0.9465% MA 512.64 -1.3129%

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IBM (NYSE: IBM) expects mid-single digit revenue growth in FY24 in constant currency

Image source: © Bidermann | Megapixl.com

Highlights

International Business Machines Corporation (NYSE: IBM), an American multinational technology firm, operates under four segments; consulting, software, infrastructure, and financing. It has a market capitalization of USD 156.09bn.

In the first quarter of 2024 (Q1 FY24), IBM reported a revenue of USD 14.5 billion and a net profit of USD 1.6 billion, up around 73% compared to the prior corresponding period. The company attributes this growth to increased revenue and increased tax benefits.

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