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Headquartered in Armonk, New York, International Business Machines Corporation (IBM) is a global IT powerhouse with a market cap of $205.9 billion. Renowned for its innovations in artificial intelligence, cloud computing, and enterprise technologies, IBM provides a diverse suite of services, software, and hardware that help businesses transform and streamline their operations. The company will announce its Q4 earnings after the market closes on Wednesday, Jan. 29.
Ahead of the event, analysts predict IBM’s bottom line will decline 3.4% year over year to $3.74 per share. On the bright side, the company has surpassed Wall Street’s EPS estimates in its last four quarterly reports. Its adjusted earnings of $2.30 per share for the last quarter surpassed the consensus estimate by 1.3%, driven by acceleration in the Red Hat business.
