Summary by Moomoo AI
IBM Corp reported a solid close to 2023, with growth across its businesses and strong cash generation, as detailed in a Form 8-K filed with the SEC. The company's fourth-quarter and full-year results were presented by Chairman and CEO Arvind Krishna and CFO Jim Kavanaugh on January 24, 2024. IBM's revenue growth of 3% and over $11 billion in free cash flow were highlighted as indicators of the company's portfolio strength and revenue growth sustainability. The company's mid-term model progress was emphasized, with average revenue growth for IBM and each segment meeting or exceeding targets since 2021. The report also outlined IBM's confidence in achieving its mid-term revenue model and the strength of its diversified business model...Show More