In Q1 2024, International Business Machines Corporation (IBM) reported revenues of $14.46 billion, reflecting a 3% increase year-over-year when adjusted for constant currency. This positive growth was driven primarily by the Software segment, which saw a 6% rise, largely due to continued momentum in Red Hat and hybrid cloud offerings. Cash flow generation was notably strong, with $1.9 billion recorded in free cash flow, an increase of $600 million from the prior year, showcasing IBM’s robust cash management and operational efficiency. With the announcement of the acquisition of HashiCorp for $6.4 billion, IBM aims to enhance its capabilities in hybrid cloud solutions and strengthen its AI strategy. Despite challenges in its Consulting segment, overall performance aligns well with IBM's strategic goals and expectations for sustained growth in 2024, especially in AI-driven productivity advancements.