$IBM(IBM)$ delivered a really solid earnings report. Quarterly revenue came in at $19.7B, beating expectations, with its software segment — now the core growth driver — continuing to accelerate.
The strategy around Red Hat, HashiCorp, and Confluent is clearly working, and investors are finally rewarding the shift toward higher-growth software.
With the stock up after hours and 30% over the past year, this one feels like a calm, confident win.
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