IBM Q3 Earnings: Software Revenue Jumps 10% On 'Great Momentum' In AI, But Consulting Revenue Comes In Flat, Infrastructure Revenue Falls 7%

International Business Machines Corp (NYSE:IBM) reported third-quarter financial results Wednesday after the bell. Here's a look at the key metrics from the quarter.

Q3 Earnings: IBM reported third-quarter revenue of $14.968 billion, missing the consensus estimate of $15.07 billion, according to Benzinga Pro. The company reported quarterly loss from continuing operations of 34 cents per share.

Total revenue increased 1% year-over-year. Software revenue was up 10% year-over-year, consulting revenue was flat and infrastructure revenue was down 7%.

Cash flow from operations totaled $2.9 billion in the quarter. Free cash flow came in at $2.1 ...