Last updated on May 1st, 2023 at 07:55 pm
IBM’s cloud revenue increased by almost a third
IBM has reported its first full quarter under new CEO Arvind Krishna, who was previously in charge of the cloud business. In this area, revenue increased by almost a third, but this did not save the company’s consolidated revenue from a 5.4% decline. Investors were expecting the worst, with IBM shares up 6%.
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