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

Tue 21 May 24, 02:44 AM | Team Kalkine

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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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