According to CoinMeta, IBM ( ibm.n ) reported third-quarter revenue that exceeded analysts' expectations, reaching $17.1 billion, a year-on-year increase of about 5%. The company stated that most of the infrastructure business orders that were postponed earlier have now been re-signed. Revenue from the infrastructure business grew by 4%, reaching $3.7 billion, which is higher than the average forecast of analysts. IBM 's Chief Financial Officer, Cavano, said that approximately two-thirds of the postponed large-scale hosting and related software transactions have now been signed. Revenue from the software business in the third quarter increased by 8.3%, reaching $7.8 billion, which is higher than Wall Street's forecast of $7.64 billion. IBM expects free cash flow to increase by more than $1 billion, exceeding the previously estimated $1 billion.