IBM Continues To Expect $10.5B In FCF For FY23
Portfolio Pulse from Benzinga Newsdesk
IBM has reiterated its expectation to achieve $10.5 billion in free cash flow (FCF) for the fiscal year 2023.
October 25, 2023 | 8:11 pm
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NEUTRAL IMPACT
IBM's reaffirmation of its FY23 FCF target of $10.5 billion may instill confidence in investors about the company's financial stability.
IBM's reiteration of its FCF target for FY23 indicates that the company is confident in its financial projections. This could potentially reassure investors about the company's financial stability, although it does not necessarily indicate a change in the company's stock price in the short term.
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IMPORTANCE 70
RELEVANCE 100