IBM reported third-quarter revenue of $17.1 billion, up about 5% year over year, and raised its full-year free-cash-flow guidance, BlockBeats reported on Oct. 22.
Revenue and guidance
Adjusted earnings per share were $2.95, which the report said exceeded analyst expectations. IBM raised its full-year software-revenue growth guidance to about 7% to 8% and lifted its full-year free-cash-flow growth guidance to more than $1 billion.
Free cash flow for the first nine months totaled $8 billion, described in the flash as a record for that period. IBM shares fell 4.95% in after-hours trading to $239.02 in the cited snapshot. BlockBeats did not link the underlying IBM earnings release.