The 2018 revenue growth reflected "growing demand for our services and leadership solutions in hybrid cloud, AI, analytics, and security."
"We've done the work to reposition our company. We are seeing our investments ... now paying off," CFO James Kavanaugh says.
“In a nutshell, patience is wearing thin on the Street around the IBM turnaround story, which continues to be elusive,” one analyst says.
In Q3, Big Blue almost ended its long drought in revenue growth and beat analysts' estimates on revenue across all its main business segments.
Investors express their impatience with the pace of IBM's turnaround effort by sending its shares down nearly 5% to $161.84.
If the "strategic imperatives" IBM is betting on were really working, "the company's growth rate should be improving," one analyst says.
