IBM Sees Software Revenue Surge on Strong Hybrid Cloud Growth
IBM's recent quarterly results show a significant increase in software revenue, reaching about $7.8 billion.
This represents a growth from the corresponding period, with hybrid cloud and data-related activities recording stronger expansion within the segment.
The company's software portfolio includes IBM Granite models, Watsonx applications, and automation products designed for enterprise environments where data, applications, governance, and computing resources operate across different infrastructure settings.