Analyst(s): Steven Dickens Publication Date: October 25, 2024 IBM’s Q3 2024 results reveal strong growth in the Software segment, driven by a 10% increase in revenue, attributed mainly to Red Hat and AI solutions. The company’s generative AI business grew by over $1 billion, and operational efficiency boosted profit margins. However, a 7% decline in the Infrastructure segment presents challenges, mainly due to a significant drop in IBM Z mainframe sales.