Every IBM Investor Should Keep an Eye on This Number
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IBM is rapidly capitalizing on the generative AI market with its Watsonx platform, which emphasizes data security and auditability. The company's projected "book of business" for generative AI contracts is expected to grow significantly, reaching over $5 billion by Q4 2024. This metric reflects long-term subscriptions and contracts rather than immediate software sales, indicating a strong future revenue stream as enterprise clients finalize their decisions. IBM's growth in this sector is driven by both software and consulting services, positioning it well for the coming years.
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