Business

IBM posts biggest annual revenue gain in over a decade, announces layoffs


International Business Machines Corp. grew revenue more than 6% in 2022, Big Blue’s biggest revenue gain in more than a decade, but the company’s shares fell in extended trading Wednesday.

CEO Arvind Krishna said on IBM’s IBM earnings call that the company has seen “revenue growth across segments and geographies” and attributed it to the power of its intelligence strategy. artificial and corporate hybrid cloud.

The…

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