International Business Machines Corporation (NYSE:IBM) Q2 2023 Earnings Call Transcript July 19, 2023 International Business Machines Corporation beats earnings expectations. Reported EPS is $2.18, expectations were $2.01. Operator: Welcome, and thank you for standing by. At this time, all participants are in a listen-only mode. Today’s conference is being recorded. If you have any objections […]
IBM (NYSE: IBM) recently announced mixed results for its second-quarter. The company continues to grow through acquisitions and recently bought Apptio, a Unicorn player whose founder I had spoken with a few years ago. IBM's Financials Revenues for the second quarter grew 0.4% to $15.48 billion, falling short of the Street's estimates of $15.58 billion. Adjusted earnings of $2.18 a share was ahead of the $2.01 that the market had estimated. By segment, revenues from Software that includes Hybrid Platform & Solutions and Transaction Processing grew 8% to $6.6 billion. Revenue from Consulting including Business Transformation, Technology Consulting, and Application Operations grew 6% to $5 billion. Revenue from Infrastructure including Hybrid Infrastructure and Infrastructure Support fell 14% to $3.6 billion. IBM did not provide any outlook for the second quarter or the year. It did, however, mention that it expected constant currency revenue growth at the low end of
/PRNewswire/ IBM (NYSE: IBM) today announced second-quarter 2023 earnings results. "Organizations are using our hybrid cloud and AI technology, and our.
IBM RELEASES SECOND-QUARTER RESULTS kptv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kptv.com Daily Mail and Mail on Sunday newspapers.