IBM Sees FY24 Constant Currency Revenue Growth "consistent with its mid-single digit model. At current foreign exchange rates, currency is expected to be about a one-point headwind to revenue growth"
Portfolio Pulse from Benzinga Newsdesk
IBM forecasts FY24 revenue growth in line with its mid-single digit model, but anticipates a one-point headwind from foreign exchange rates.
January 24, 2024 | 9:09 pm
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IBM expects FY24 revenue growth to align with its mid-single digit model, but currency exchange rates may negatively impact growth by one point.
IBM's announcement of expected revenue growth is positive, indicating a stable outlook. However, the mention of currency headwinds introduces a note of caution. This could lead to a neutral short-term impact on the stock price as positive growth expectations are balanced by potential forex challenges.
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IMPORTANCE 75
RELEVANCE 100