IBM beats on top and bottom lines as CEO Krishna touts ‘Super Intelligence’ traction

IBM announced third-quarter financial results that exceeded consensus forecasts, prompting stock gains in extended trading. The company’s revenue increased roughly 5% compared to the prior year, while net income climbed to $2.19 billion, or $2.30 per share, up from $1.74 billion, or $1.84 per share, in the year-earlier period.
Breaking down performance by segment, IBM’s software division generated $7.80 billion in revenue during the quarter, marking 8% growth and surpassing the $7.66 billio