1、 IBM RELEASES FIRST-QUARTER RESULTS Accelerated Software revenue growth;Strong gross margin expansion and cash generation Announces strategic acquisition of HashiCorp,Inc.ARMONK,N.Y.,April 24,2024.IBM(NYSE:IBM)today announced first-quarter 2024 earnings results.“We began the year with solid revenue

2、and free cash flow growth,reflecting the strength of our hybrid cloud and AI strategy.We continue to capitalize on the excitement and demand for enterprise AI from our clients.Our book of business for watsonx and generative AI again showed strong momentum,growing quarter over quarter,and has now ecl

3、ipsed one billion dollars since we launched watsonx in mid-2023.As a result,for the full year,we continue to expect revenue performance in line with our mid-single digit model and about$12 billion in free cash flow,said Arvind Krishna,IBM chairman and chief executive officer.To strengthen our positi

4、on in todays hybrid cloud and AI-driven technology landscape,we also announced our intent to acquire HashiCorp.IBMs and HashiCorps combined portfolios will help clients manage growing application and infrastructure complexity and create a comprehensive hybrid cloud platform designed for the AI era.”

5、Strategic Acquisition IBM today announced its intent to acquire HashiCorp,Inc.for$35 per share in cash,representing an enterprise value of$6.4 billion.The acquisition will create a comprehensive end-to-end hybrid cloud platform for the AI era.The transaction is expected to close by the end of 2024,s

6、ubject to approval by HashiCorp shareholders,regulatory approvals and other customary closing conditions.First-Quarter Highlights Revenue Revenue of$14.5 billion,up 1 percent,up 3 percent at constant currency Software revenue up 5 percent,up 6 percent at constant currency Consulting revenue flat,up