(Finance) – IBM sees the year that has just begun as positive, focusing on growth in companies’ technological spending. Armonk’s company estimates a free cash flow of approximately 12 billion dollars, by the end of 2024, higher than the 10.9 billion expected by analysts. The growth of sales is expected at a “mid-single digits” rate.
IBM also announced plans to cut a percentage of low single digits jobs this year. Meanwhile, it has launched new products to capitalize on the growing interest in artificial intelligence.
In the fourth quarter of the year just ended, sales increased by 4.1% to 17.4 billion dollars against the 17.3 billion of the consensus, while the adjusted profit stood at 3.87 dollars per share (EPS of 3 .76 expected by analysts).
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