$IBM Corp (IBM.US)$On January 25, according to foreign media reports, the quarterly revenue reported by IBM on Monday exceeded analysts' expectations, mainly due to strong demand from the software business, including IBM hybrid cloud, and the cloud computing business transformation achieved initial results.
According to IBM's financial report for the fourth quarter and full year of fiscal year 021. According to the report, IBM's revenue for the fourth quarter was US$16.695 billion, up 6.5% from US$15.682 billion in the same period last year; net profit from continuing operations was US$2,462 billion; net profit from continuing operations was US$2,462 billion, compared with net profit from continuing operations of US$1,190 billion, up 107% year on year; excluding US GAAP, operating profit from continuing operations was US$3 billion, up 80% from the same period last year.
In November of last year, IBM spun off a large part of its traditional infrastructure service business and established a new company called Kyndryl. This is the first performance since the establishment of the new company. Kyndryl's business includes customer data center hosting, as well as traditional IT support. This marks IBM's fourth major transformation and an important step for CEO Arvind Krishna (Arvind Krishna) to drive IBM's transformation to cloud computing and artificial intelligence. This strategy has driven IBM's sales growth to stagnate for many years.
We saw that IBM's revenue for the fourth quarter was the strongest in 10 years...