IBM reports Q3 adjusted EPS $2.65, consensus $2.45

Reports Q3 revenue $16.3B, consensus $16.1B. “This quarter we accelerated performance across all of our segments, and again exceeded expectations for revenue, profit and free cash flow. Clients globally continue to leverage our technology and domain expertise to drive productivity in their operations and deliver real business value with AI. Our AI book of business now stands at more than $9.5 billion,” said Arvind Krishna, IBM (IBM) chairman, president and chief executive officer. “Given the strength of our business, we are raising our full-year outlook for revenue growth and free cash flow.”