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Business Heds Index, Seattle Post-Intelligencer: Business
Thu, 01/18/2018 - 4:56pm

NEW YORK (AP) — IBM reported its first quarter of revenue growth in more than five years as the company ramps up its cloud computing business and looks for new opportunities from its investments in artificial intelligence. "Over the past several years we have invested aggressively in technology and our people to reposition IBM," James Kavanaugh, IBM's new chief financial officer, said in a statement Thursday after the company reported its fourth-quarter earnings. But the company still reported a quarterly loss of $1.05 billion, after reporting a profit in the same period a year earlier. The technology and consulting company posted revenue of $22.54 billion in the period, which topped Wall Street forecasts.

Topics: york ap ibm ibm james kavanaugh ibm wall street revenue growth company reported years period billion technology

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