IBM Rides on Strength in Software Segment: Will the Uptrend Continue?

Key Takeaways IBM posts Q3 Software revenue of $7.21B with Automation up 22% year over year.Hybrid Cloud revenues for IBM rose 12% in Q3, with strong demand for watsonx and Red Hat AI.IBM plans to acquire Confluent to enhance real-time data streaming and hybrid cloud resilience.International Business Machines Corporation (IBM) is benefiting from healthy traction in the Software segment. In the third quarter, the company reported revenues of$ 7.21 billion, up from $6.52 billion in the year-ago quarter. Net i ...