{"id":58923,"date":"2022-01-25T13:15:00","date_gmt":"2022-01-25T09:15:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=58923"},"modified":"2022-01-25T12:42:57","modified_gmt":"2022-01-25T08:42:57","slug":"ibm-shares-rise-about-7-after-results","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ibm-shares-rise-about-7-after-results\/01\/25\/market-updates\/","title":{"rendered":"IBM Shares Rise About 7% After Results"},"content":{"rendered":"\n<p>IBM shares jumped 7% in after-hours trading on Monday, January 24, after the software and services company said revenue jumped 6% in the fourth quarter, beating expectations.<\/p>\n\n\n\n<p>Revenue came in at $16.7 billion, versus analyst expectations of $15.96 billion, according to Refinitiv.<\/p>\n\n\n\n<p>The company showed the fastest revenue growth since the third quarter of 2011.<\/p>\n\n\n\n<p>The net income in the fourth quarter jumped by 72% compared to the same period of the previous year, to $2.33 billion.<\/p>\n\n\n\n<p>IBM CEO Arvind Krishna reiterated the single-digit medium growth target during a conference call with analysts, and said he expects between $10 billion and $10.5 billion in free cash flow for 2022.<\/p>\n\n\n\n<p>IBM recently announced its acquisition of Australian cloud consultancy SXiQ.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IBM shares jumped 7% in after-hours trading on Monday, January 24, after the software and services company said revenue jumped 6% in the fourth quarter, beating expectations. Revenue came in at $16.7 billion, versus analyst expectations of $15.96 billion, according to Refinitiv. The company showed the fastest revenue growth since the third quarter of 2011. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":53211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7270,7113,7855,516,7474,7442,6862],"class_list":["post-58923","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-dowjones","tag-earnings","tag-ibm","tag-sp-500","tag-tech","tag-us-shares","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=58923"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58923\/revisions"}],"predecessor-version":[{"id":58924,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58923\/revisions\/58924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53211"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=58923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=58923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=58923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}