IBM's Q2 Results Surpass Expectations, Driven by AI and Software Growth

The company's revenue and earnings beat forecasts as AI initiatives and software demand boost performance, despite consulting challenges.

IBM reported Q2 revenue of $15.8 billion, exceeding analyst expectations.
AI-driven software revenue grew by 7%, reaching $6.74 billion.
IBM's generative AI business expanded to $2 billion in bookings and sales.
The mainframe segment saw an 8% increase in revenue, aided by AI capabilities.
Consulting revenue fell by 1% due to economic pressures and reduced discretionary spending.