IBM has posted its highest quarterly growth since 2011 for the final quarter of 2021, with hybrid cloud adoption driving sales.
The positive turnaround for the company suggests that Arvind Krishna’s appointment as CEO in mid-2020 is starting to bear fruit.
For the December quarter, IBM brought in revenue of £12.4 billion, up 6.5% from 2020’s results. Its best results in ten years, it also surpassed Wall Street forecasts of £12 billion.
IBM shares are up...