IBM AI activity accounted for approximately 30% of third-quarter sales and 35% of the company’s backlog, according to its recent earnings call.
Key Takeaways
- AI-related revenue represented approximately 30% of Q3 sales.
- AI accounted for 35% of IBM’s backlog, placing its share above that of quarterly revenue.
Table of Contents
IBM AI figures put sales and backlog in focus
IBM’s strategy combines hybrid cloud and AI platforms, including watsonx, with its software, consulting and infrastructure businesses.
IBM reaffirmed confidence in its investment portfolio and growth prospects ahead of the fourth quarter.
IBM’s dividend yield was 2.54%, and its payout ratio was 46%.
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