IBM not meeting Wall Street’s revenue expectations for the third quarter resulted in a 3% drop in shares. The company reported an increase in overall revenue of 1.5% year over year but had a net loss of $330 million. IBM aims for revenue growth in the fourth quarter and reiterated its target of over $12 billion in free cash flow for 2024. The company also saw a significant increase in revenue from software and has expanded its network of Oracle product consultants.
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