IBM reported Q3 earnings with a revenue increase of 4.6% YoY to $14.8 billion, beating the consensus estimate of $14.728 billion. Adjusted earnings were $2.20 per share, higher than the estimated $2.13. Software and consulting revenues were up 8% and 6% respectively, while infrastructure revenue decreased by 2%. The company ended the quarter with $11 billion in cash and marketable securities. IBM expects a constant currency revenue growth of 3% to 5% for the full-year 2023.