IBM tops revenue estimates, says it will cut 3,900 jobs

(CNBC) IBM reported quarterly revenue on Wednesday that topped analysts’ estimates, driven by higher-than-expected growth in the company’s software and infrastructure segments. Here’s how the company did:

  • Earnings: $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv.
  • Revenue: $16.69 billion, vs. $16.4 billion as expected by analysts, according to Refinitiv.

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