Despite the challenging market conditions, American Multinational Giant Technology Business (IBM) sales climbed significantly in the third quarter of 2022, the company reported on Wednesday after the US stock market had closed.
Annual revenue climbed by 6% to $14. 1 billion, exceeding analysts’ expectations of $ 13. 5 billion.
The US dollar’s influence, which lowers international revenues in US dollars, actually hurts the organisation.
The company’s chairman, Erind Creation Chairman, stated that “IPM has achieved great growth in this quarter, which demonstrates our continual focus on implementing our strategy.”
“Clients look at technology as a chance to enhance their business at the global level, which is visible in the results through our portfolio,” he continued.
IBM’s third-quarter revenue in the US was $14 billion.
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