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IBM revenue grows for second straight quarter, cheering investors

IBM revenue grows for second straight quarter, cheering investors SHARE IBM Corp. provided the best evidence yet today that it’s back on a growth track, reporting second-quarter revenue rose 3% from a year ago. Revenue of $18.75 billion was actually flat when adjusted for currency fluctuations and divested businesses, but it was still well ahead of analysts’ estimates of $18.29 billion. Adjusted earnings rose 7% from a year ago, to $2.33 a share, slightly better ...
Andy Jassy Arvind Krishna Michael Dell Pat Gelsinger Jim Whitehurst Charles King

IBM's 3% sales growth may not seem like much but it's the biggest it's had in three years

Copy IBM on Monday reported better than anticipated revenue for Q2 2021, sending its shares up in after-hours trading. Big Blue, evidently unfazed by a multi-week email disruption thats still not entirely resolved, delivered sales totaling $18.7bn for the quarter, an increase of three per cent year over year. Its the strongest revenue growth for the biz in three years. Net income, however, fell by three per cent to $1.3bn for the quarter. That translates to non-GAAP adjusted earnings of $2.33 p...
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