BUZZ-IBM surges as software strength drives Q4 profit beat
ReutersJan 29, 2025 9:37 PM
** Shares of International Business Machines IBM.N rose 10% to $251.40 in extended trading
** IBM beats Q4 profit ests
** Company recorded Q4 adj. EPS of $3.92 vs est. of $3.75
** Software revenue up more than 10%; biggest jump in five years
** Total revenue relatively flat at $17.55 bln vs ests of $17.54 bln
** IBM's shares rose ~34.4% in 2024
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