IBM Misses Red Hat Growth Target Despite Strong AI and Mainframe Sales
IBM’s Q3 results beat profit estimates but fell short on Red Hat growth, sparking investor concern. Strong AI and mainframe sales drove overall revenue to $16.3B.
IBM’s Q3 results beat profit estimates but fell short on Red Hat growth, sparking investor concern. Strong AI and mainframe sales drove overall revenue to $16.3B.
IBM is partnering with Anthropic to add the powerful Claude AI model into IBM software used by large companies. The first tool getting Claude helps software engineers automate coding tasks, making development faster. IBM provides expertise selling tech to major businesses.