IBM earns 2,511 million dollars in the first half, 19% more

New York, Jul 19 (EFE).- The technology company IBM reported on Wednesday accumulated earnings of 2,511 million dollars (2,241 million euros) in the first half of 2023, 19% more year-on-year.

In a statement, IBM indicated that its revenues in the first 6 months of the year amounted to 29,727 million, 0.01% less than in the same period of 2022.

Regarding the data for the second quarter, the most followed by Wall Street investors, the company increased its net profit by 13.7%, to 1,583 million, although it reduced its turnover by 0.38%, to 15,475 million.

Chief Executive Officer Arvind Krishna once again attributed the second quarter results to high demand for artificial intelligence and hybrid cloud products.

“Organizations are using our AI and hybrid cloud technology and consulting capabilities to transform their operations,” Krishna said.

In its statement, IBM highlighted revenues of 6,600 million from its software segment (7.2% more) and 5,000 million dollars from its consulting services, 4.3% more.

However, the infrastructure segment registered revenues of 3,600, 14.6% less.

After the results were known, IBM shares rose a slight 0.09% in electronic activities after the close of the Stock Market.

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