IBM’s board of directors has authorized a substantial share repurchase program, reflecting the company’s strong financial standing and commitment to delivering value to its shareholders. This buyback initiative allows IBM to repurchase shares on the open market or through private transactions, depending on market conditions and other factors. The specific number of shares to be repurchased and the timing of the purchases will be at the discretion of IBM’s management team.

Share repurchase programs are often viewed favorably by investors as they can reduce the number of outstanding shares, potentially increasing earnings per share and boosting the stock price. This decision by IBM demonstrates its belief in its long-term growth prospects and its ability to generate sufficient cash flow to fund both its operations and return capital to shareholders.