IBM shares rallied after hours on Wednesday after the tech-infrastructure provider reported a quarterly per-share profit that beat expectations.

Adjusted per-share earnings came ahead of Wall Street estimates.

For the December quarter, the technology company reported earnings of $3.92 a share versus the consensus estimate of $3.78 a share.

Arvind Krishna told financial analysts that IBM investments in AI and consulting will help drive the company’s business going forward.

IBM Corp. met analysts’ revenue estimates in the fourth quarter, but investors chose to focus on profit and a strong 2025 forecast, sending shares up nearly 9% in after-hours trading. Revenue rose 2% on a constant currency bases,

IBM added that the company continues to 'gain momentum' in the generative AI business, with one-fifth of the AI business coming from Software, and the remaining from Consulting.

AI momentum, Red Hat acceleration and HashiCorp updates are among the most likely topics on IBM 4Q 2024 earnings report.

IBM Synthetic Data Sets are designed to help with training or fine-tuning AI models quickly on IBM Z and LinuxONE mainframes.

Bookings for AI consulting and software have exceeded $5 billion since mid-2023, the Armonk, New York-based company said

It is often said that companies – particularly large companies with enormous IT budgets – do not buy products, they buy roadmaps. No one wants to go to

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