IBM shares climbed in extended trading on Wednesday after the technology vendor reported better-than-predicted third-quarter results. Here's how the company performed relative to LSEG consensus: IBM's revenue grew about 5% from a year ago, according to a statement . Net income, at $2.19 billion, or $2.30 per share, increased from $1.74 billion, or $1.84 per share, a year ago. Adjusted earnings exclude acquisition-related adjustments. "Our clients are now deploying 'Super Intelligence' in ways that transform entire operating models, instead of simply addressing narrow or novel problems," IBM CEO Arvind Krishna was quoted as saying in a statement. With respect to guidance, IBM called for full-year free cash flow to increase by more than $1 billion.
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