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Takeaways from the Key Notes
- IBM shares are jumping nearly 8% in premarket trading Thursday, a day after the company posted results that topped analysts' estimates as its artificial intelligence-enabled business surged.
- IBM reported fourth-quarter adjusted EPS of $3.92, ahead of Visible Alpha consensus of $3.79. The revenue of $17.55 was slightly higher than expected.
- CEO Arvind Krishna said IBM's "generative AI book of business now stands at more than $5 billion inception-to-date, up nearly $2 billion quarter over quarter."
IBM shares are up nearly 8% Thursday morning in pre-market trading, after the company reported fourth-quarter earnings that exceeded analysts’ expectations as its AI-enabled businesses surged.
IBM announced adjusted earnings (EPS) per share of $3.92. That was above Visible Alpha’s consensus of $3.79. The revenue of $17.55 was slightly higher than expected.
In Q3, the business of AI-generated products grew to almost $2 billion.
"Our generative AI book of business now stands at more than $5 billion inception-to-date, up nearly $2 billion quarter over quarter," IBM CEO Arvind Krishna said.
According to a transcript of the earnings call provided by AlphaSense, Krishna added that IBM's AI products "provide clients with a consistent and scalable AI foundation built on open source technology."
Earlier this week, Chinese startup DeepSeek shook markets with its release of an AI model at a fraction of the cost of rivals like OpenAI that is open source—which means it is readily accessible and can be modified or enhanced by anyone.
IBM stock has gained nearly 22% over the past 12 months, up to Wednesday.
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